Alexandria Portland Cement approves EGP 200 mn loan

Alexandria Portland Cement’s board approved a EGP 200 mn revolving loan facility from HSBC to finance working capital, capex, and “general purposes,” according to an EGX disclosure. The loan carries a tenor of 33 months and an aggregate interest rate of the CBE lending rate plus a 3% margin. Alexandria Portland Cement is part of the Titan Cement Company.