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Five local banks to sign contracts with Al Canal Sugar for EGP 2.3 bn short-term loan
A consortium of five local banks is expected to sign contracts with Al Ghurair Group’s Al Canal Sugar for a…
Banking + Finance
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NBE, Banque Misr, BdC to provide Ezz Steel Rolling Mills with EGP 3.4 bn syndicated loan
The National Bank of Egypt, Banque Misr, and Banque du Caire are reportedly providing Ezz Steel Rolling Mills with a…
Vitas Group to extend EGP 200 mn in SME loans by 2020
Vitas Misr for Microfinance, a subsidiary of B Investments’ Ebtikar, is planning to extend as much as EGP 200 mn…
United Bank to contribute EGP 570 mn to EGAS loan
The United Bank of Egypt is planning to contribute EGP 570 mn to an EGP 3 bn loan arranged by…
Kuwait’s KAMCO taps Zaki Hashem to advise on plans to establish investment bank in Egypt
Kuwait’s KAMCO Investment Company has reportedly tapped Zaki Hashem & Partners as legal adviser for its plans to establish an…
Al Ahly Capital eyes EGP 3 bn worth of EGX-listed stake sales
Al Ahly Capital is planning to divest stakes in a number of its EGX-listed subsidiaries worth EGP 3 bn “in…
NI Capital’s Tamweely targets larger branch network by 2019
The state-owned NI Capital’s microfinancing arm Tamweely is looking to expand geographically and grow its number of branches to 15…
NBK-Egypt to arrange EGP 3 bn facility for EGAS
The National Bank of Kuwait (NBK)-Egypt won a tender to arrange a EGP 3 bn loan for EGAS, as it…
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