CIB looks into arranging EGP 2 bn loan for Egyptian Steel

CIB is looking into arranging a EGP 2 bn syndicated loan for Egyptian Steel, unnamed banking services tell Al Shorouk. The loan would finance expansions for the company’s USD 5.5 bn steel plant in Ain Sokhna, which Egyptian Steel had rezoned within the Suez Canal Economic Zone at the end of last year.