Faragalla Group is reportedly in the market for an EGP 2.05 bn syndicated facility being led by the National Bank of Egypt; the company will use the proceeds to finance working capital and restructure existing debts, Al Mal reports. CIB, Arab Bank, AAIB, Attijariwafa Bank subsidiary Wafa Assurance, the United Bank of Egypt, Emirates NBD and QNB Alahli.

Benchmark Power International (BPI) is reportedly in talks with the National Bank of Egypt (NBE) for an EGP 1.09 bn facility to to finance an ammonia plant, Al Shorouk reports, citing unnamed sources close to the matter.

CORRECTION- 27 September 2020 

The original version of this entry carried a story from the local press that incorrectly said Arabian Cement is in talks with CIB and the European Bank for Reconstruction and Development for two loans totaling USD 280 mn. 

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