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Dice explores options for EGP 100 mn loan
Dice Sport and Casual Wear is exploring the possibility of an EGP 100 mn medium-term loan from CIB to partially…
BANKING + FINANCE
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BANKING + FINANCE
Suez Canal Authority denies FinMin to pay off USD 600 mn in debt
The Suez Canal Authority denied it has reached an agreement with the Finance Ministry to pay off USD 600 mn…
Tamweely looks to grow to 38 branches in Egypt by 2019-end
State-owned NI Capital’s microfinance arm Tamweely is targeting growing its number of branches to 38 across 11 governorates by the…
Al Marasem agrees Sharia-compliant credit facilities worth EGP 1.6 bn for Fifth Square residential project
Al Marasem Development signed contracts for Sharia-compliant revolving credit facilities worth EGP 1.6 bn with a consortium of six banks…
CIB, AAIB to arrange EGP 1.7 bn for Wadi Degla Holdings
Wadi Degla Holdings has reached an agreement with CIB and the Arab African International Bank to arrange a EGP 1.7…
GTH board approves rescheduling of USD 100 mn loan from majority shareholder
Global Telecom Holding’s (GTH) board of directors has approved a three-month extension on the maturity of a USD 100 mn…
Edita in talks with IFC over USD 35 mn loan
Snack maker Edita Food Industries is currently in talks with the International Finance Corporation (IFC) over a loan of up…
Aman for Microfinance plans to double capital to EGP 100 mn by year-end
Raya Holding’s Aman for Microfinance is planning to double its capital by year-end to EGP 100 mn, Aman’s CEO Ahmed…
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