Omar Effendi
Sector: Warehouse • Location: Egypt, Arab Republic of
Source: International Finance Corporation (IFC)
Omar Effendi (Omar Effendi or the company) was established in 1856 and is Egypt’s largest department store with 82 branches and 68 warehouses. The government of Egypt (GOE) has decided to privatize the company and divest 90% of the ownership. Anwal United Trading Company Limited of Saudi Arabia (Anwal), which is owned by the Qnebeit family; and Jameel, Riad and Ibrahim Qnebeit (the joint sponsors)
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Omar Effendi (Omar Effendi or the company) was established in 1856 and is Egypt’s largest department store with 82 branches and 68 warehouses. The government of Egypt (GOE) has decided to privatize the company and divest 90% of the ownership. Anwal United Trading Company Limited of Saudi Arabia (Anwal), which is owned by the Qnebeit family; and Jameel, Riad and Ibrahim Qnebeit (the joint sponsors) of Saudi Arabia were successful in their bid through an international bidding process to purchase the company. The purchase and transfer of 90% of the company were completed in February 2007 for $102.5 million. The GOE maintains a 10% minority ownership.The sponsors have approached IFC to assist with the financing of the refurbishment program for the Omar Effendi stores. This store refurbishment and turnaround program constitutes the project. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |