SICO enters talks with four banks for EGP 550 mn facilities to finance investment plans

Egyptian electronics manufacturer SICO is currently in talks with four banks for several facilitated loans worth a combined EGP 550 mn to finance its investment plans over the next three years, CEO Mohamed Salem tells Amwal Al Ghad. SICO has reportedly already secured a EGP 172 mn loan from Banque Misr and another EGP 40 mn loan from QNB.