BdC studies participation in EGP 2.3 bn loan to Al Ghurair Group’s Al Canal Sugar

Banque du Caire (BdC) is considering joining a consortium of local banks in providing Al Ghurair Group’s Al Canal Sugar with a EGP 2.3 bn short-term bridge loan that will be used to fund its USD 1 bn sugar refinery, Al Shorouk reports. Qatar National Bank Ahli, AlexBank, National Bank of Egypt, and NBK Egypt were said to be among the banks contributing to the facility, whose lead arranger is the National Bank of Egypt.