Samcrete asks NBE for bigger credit facility to finance growing projects

Samcrete Egypt Engineers and Contractors has asked to increase the size of a credit facility it’s negotiating with National Bank of Egypt (NBE) to nearly EGP 3.2 bn to finance the growing number of projects it’s handling, Al Mal reported. The company’s negotiations with NBE had begun in March over a EGP 2.5 bn loan.