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Faragalla Group secures EGP 995 mn syndicated loan from Egyptian banks
Faragalla Group has signed a EGP 995 mn syndicated loan agreement with CIB, the Arab African Bank, and the National…
Banking + Finance
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Rx Healthcare invests EGP 100 mn in United Pharma
EFG Hermes’ Rx Healthcare Management has invested EGP 100 mn in meds producer United Pharma to finance expansion plans that…
National Bank of Egypt in loan talks with EGOTH, HOTAC to finance hotel renovations
The Egyptian General Company for Tourism and Hotels (EGOTH) is in talks with the National Bank of Egypt (NBE) for…
Marakez signs EGP 670 loan agreement with local banks for Mall of Katameya
Fawaz AlHokair Group’s mall development company Marakez has signed a EGP 670 mn syndicated loan agreement with local banks to…
Allianz to insure CIB’s cyber risks of banking services
CIB has signed a contract with Allianz to provide an insurance product that covers the cyber risks of banking services…
Tasaheel and Aman have requested nano financing licenses from the FRA
GB Capital subsidiary Tasaheel, Raya Holding subsidiary Aman, and five other unnamed companies filed for nano-finance licenses from the Financial…
BdC studies license to accept POS payments
Banque du Caire may apply for a license to accept POS payments as part of its strategy to expand its…
National Railways Authority to borrow EUR 100 mn for Siemens signaling project
The National Railways Authority will in the coming weeks sign a EUR 100 mn syndicated loan agreement with a consortium…
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