Abu Qir Fertilizers is studying offers for a ten-year EUR 133 mn loan from two rival banking consortia, sources tell Al Mal. The first consortium consists of the National Bank of Egypt, Banque Misr, AAIB, QNB, and CIB. The second offer is from EG Bank, Bank of Alexandria, Ahli United Bank, Bank Audi, and SAIB. Abu Qir is seeking the funding to increase its production capacity by 198k tonnes per year.

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