Titan and Audi ink loan agreement

Titan Group will inked a loan agreement with Bank Audi that will see it receiving between EGP 300-500 mn in financing by the end of 2017, sources tell AMAY. The medium-term loan agreement extends over a period of five years. The funds will be used to boost Titan Group subsidiaries’ capital base, including Alexandria Portland Cement, Misr Beni Suef Cement, and Titan Cement Egypt.