Banque Misr mulls USD 300 mn loan to DP World for Ain Sokhna port expansion

Banque Misr could extend a seven-year, USD 300 mn loan to the UAE’s DP World to part-fund the expansion of its Ain Sokhna port, an official source told Masrawy. The bank has invited other banks to join in on the loan, including the National Bank of Egypt, Banque du Caire, CIB and the Arab African International Bank, but has yet to receive final responses from them.