US as well as UK-based firms for financial consulting have offered to buy shares in Metropolitan Consulting S.A.E. (MC), Amwal Al Ghad has quoted MC CEO as saying on Monday without disclosing the names of the two firms.
Dr. Khaled Nagaty – the CEO of Metropolitan Consulting – stated that the two firms have offered initial offers to seize a stake in MC, saying the assessment process is expected to start next January ahead of submitting a final purchase offer.
Nagaty further noted that the UK firm had offered to seize 70% stake in Metropolitan Consulting but such an offer was rejected since MC refrains from selling more than 35% of its shares.
The two firms aim to take part in MC’s shares, targeting the inauguration of two new branches in Dubai and Saudi Arabia in order to provide their outstanding services in the MENA region.
The UK firm works in the financial consulting business in the Arab Gulf and seeks to take over shares in Metropolitan Consulting so as to carry out further expansion in the region, Nagaty explained.
Metropolitan Consulting (MC) was originally founded in the USA on 2000.On 2008 it launched its office in Egypt and grew to be a leading consultancy firm specialized in credit and financial consulting for both debt and equity markets.
Metropolitan Consulting (S.A.E.) was established in 2008 in order to present a variety of financial & credit services to both SMEs & Corporate companies in Egypt.
Metropolitan is the first credit & financial advisory firm in Egypt to provide all types of credit consulting services in additions to all needed assistance to our clients to improve their debt management and credit scoring. It is a pioneer firm in Egypt to be established in order to work side by side with borrowers to enhance their credit awareness as well as their financial habits.
