Dice looking for leasing contract, says it’s not part of Minya textile city project

Dice Sport and Casual Wear is looking to sign a USD 2.5 mn financial leasing agreement to help pay its short-term debts, the company announced on Thursday (pdf), after receiving the board of directors’ approval. Dice also denied reports that it is part of the consortium bidding to construct the Minya textile city project for an estimated investment cost of USD 324 mn, according to a bourse statement (pdf). A source had said that a consortium was looking to establish the project on a 306-feddan land plot.