Egypt-based regional soybean crusher Oilex has upped its EGP 2.4 bn syndicated loan by an additional EGP 2 bn to finance working capital, Al Mal reports, citing informed sources. The company took the original loan in 2018 from a syndicate of five local banks including the National Bank of Egypt, Banque du Caire, First Abu Dhabi Bank, Suez Canal Bank, Arab Bank Egypt. Emirates NBD and Al Baraka Bank Egypt participated in the extension, which takes the value of the loan to EGP 4.4 bn.

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