The Egyptian Chemical Industries company (KIMA) paid EGP 300 mn of its outstanding arrears to Italy’s Tecnimont rehabilitating KIMA’s factories, Al Borsa reports. KIMA paid back a total of EGP 2.6 bn, said director of investor relations Maher Al Abd. Another payment of EGP 200 mn is expected to be made by end of FY16-17.

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