ELAB to obtain EGP 1 bn syndicated loan led by the National Bank of Egypt

The National Bank of Egypt (NBE) is acting as lead arranger for a EGP 1 bn, seven-year syndicated loan for state-owned Egyptian Linear Alkyl Benzene (ELAB) to finance the company’s 2020 expansion plans, sources told Al Mal. The NBE approached Banque du Caire, the Export Development Bank Of Egypt, and the Industrial Development and Workers Bank Of Egypt to participate in the loan.