Sarwa Capital subsidiary Plus Leasing has begun talks with CIB, the National Bank of Egypt, and the Arab African International Bank for a EGP 600 mn loan as part of plans to boost liquidity to meet its clients’ financing needs, company sources tell Al Mal. The company is looking to secure a loan with a tenor of 3-5 years.
More from Enterprise
FM Abdelatty pitches SCZone to Brazilian and Indian investors
Plus: CIB gears up to launch digital bank Yomo in…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads
The fintech pioneer taps Group CFO Abdelmeguid Afifi to run…