Vitas Egypt in talks with Sanad Fund, unnamed local bank for new loans

Vitas Egypt is in talks with German Development Bank KfW’s Sanad Fund and unnamed local banks for several loans to finance its expansion plans, Managing Director Hossam Heiba tells Al Mal. Vitas is looking to borrow EGP 100 mn from local banks and is still in talks with Sanad over the value of the loan.