Abu Qir Fertilizers is vetting offers from three banking consortiums for a EGP 600 mn loan needed for its nitric acid project, company sources tell Al Mal. The company received offers from consortiums led by the National Bank of Egypt (NBE) and Kuwait National Bank, according to the sources, who refused to name the third group. Abu Qir Fertilizers’ board of directors had agreed in May to mandate a consortium made up of the NBE, Qatar National Bank, and Banque Misr to manage a EUR 105 mn loan for its EUR 133.6 mn project.

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