EFG arranging EGP 3 bn worth of loans this year for two companies

EFG Hermes is arranging loans worth a combined EGP 3 bn for an unnamed grain trading firm and a real estate developer by year’s end, unidentified sources tell Al Mal. The investment bank expects to secure the funding from Egyptian banks, according to the sources. EFG is also taking the lead on restructuring the grain trader, which it also expects to complete before the end of the year.