Banking + Finance

Saudi Egyptian Construction Co signs EGP 1 bn loan agreement with NBE

by enterpriseam adminEgypt Edition13 October 2019

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The Saudi Egyptian Construction Company (SECON) has signed a EGP 1 bn loan agreement with the National Bank of Egypt (NBE) to finance works at its SECON Nile Towers project, Secon CEO Mohamed Al Taher said. The company will use the loan to fund part of its EGP 3.5 bn Nile Towers project along Corniche El Maadi.

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