{"id":31861,"date":"2024-09-03T12:33:53","date_gmt":"2024-09-03T09:33:53","guid":{"rendered":"https:\/\/entarabi.com\/?p=31861"},"modified":"2024-09-03T12:42:55","modified_gmt":"2024-09-03T09:42:55","slug":"basata-holding-acquires-27-1-of-madfoatcom","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/09\/basata-holding-acquires-27-1-of-madfoatcom\/","title":{"rendered":"Basata Holding Acquires 27.1% of MadfoatCom"},"content":{"rendered":"<p dir=\"ltr\">Basata Holding for Financial Payments, in collaboration with the Jordan Kuwait Bank, has acquired a 27.1% stake in the Jordanian electronic payment company, MadfoatCom, according to a report by Hapi Journal, citing unnamed sources.<\/p>\n<p dir=\"ltr\">Earlier this year, Basata and the Jordan Kuwait Bank made a binding offer to acquire 30% of MadfoatCom, but the financial details of the transaction have not been disclosed.<\/p>\n<p dir=\"ltr\">Although Basata secured a smaller share than initially targeted, reports suggest that the company intends to increase its stake in MadfoatCom to 49% in the near future.<\/p>\n<p dir=\"ltr\">Financial advisory for Basata in this transaction was provided by Anston Capital and Emara Asset Management.<\/p>\n<p dir=\"ltr\">Looking ahead, Basata aims to expand into the Saudi market through MadfoatCom, which recently obtained official licensing from the relevant authorities in the Kingdom.<\/p>\n<p>Read Also: <a href=\"https:\/\/entarabi.com\/en\/2024\/09\/tabby-acquires-tweeq\/\">Tabby Acquires Tweeq to Enhance Its Digital Financial Services in Saudi Arabia<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Basata Holding for Financial Payments, in collaboration with the Jordan Kuwait Bank, has acquired a 27.1% stake in the Jordanian electronic payment company, MadfoatCom, according to a report by Hapi Journal, citing unnamed sources. Earlier this year, Basata and the Jordan Kuwait Bank made a binding offer to acquire 30% of MadfoatCom, but the financial [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":31862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810,1772],"tags":[5619,5620],"class_list":["post-31861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-startups","tag-basata","tag-madfoatcom"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/31861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=31861"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/31861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/31862"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=31861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=31861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=31861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}