A local banking consortium led by the Bank of Alexandria is arranging a USD 100 mn loan for Al Nasr for Coke and Chemicals, company head Medhat Nafei told Al Mal. Al Nasr, a subsidiary of the Chemical Industries Holding Company, will use the loan to finance the establishment of a coke-oven battery. Building the battery will take around two and a half years. Al Nasr had signed in October an agreement with a Ukrainian company to supply and install the equipment and supervise the battery.

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