Damietta Furniture City Company in talks with CIB and QNB for EGP 800 mn loan

Damietta Furniture City Company — which operates the Damietta Furniture City complex — is in negotiations with CIB and QNB for an EGP 800 mn loan, Al Borsa reports. Company CEO Moataz Bahaa El Din expects the two banks to agree to the financing within a week.