The National Bank of Egypt (NBE) and Egypt Kuwait Holding’s (EKH) Nile Wood have signed a EGP 794 mn loan agreement to finance the construction of a planned EGP 1.37 bn factory in Sadat City to produce medium-density fibreboard, NBE Vice President Yehia Aboul Fotouh said, according to Al Masry Al Youm.

Meanwhile, real estate developer Rooya is looking to secure EGP 350 mn in additional financing from AAIB and the NBE for real estate development projects, Al Mal reports.

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