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AfreximBank to provide USD 150 mn to Egyptian factoring companies
The African Export-Import Bank (AfreximBank) is planning to provide Egyptian factoring companies with USD 150 mn in funding over the…
BANKING + FINANCE
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BANKING + FINANCE
Al Tawfeek Leasing to begin offering three new financing services next year
Al Tawfeek Leasing Co. (AT Lease) plans to begin offering leasing services for SMEs, structured financing services, and establishing a…
Cleopatra capital increase now 100% subscribed
Cleopatra Hospital Group’s second round of subscriptions for their capital increase closed out the entire amount, according to a regulatory…
Banque Misr sells EGP 275 mn worth of shares in MNHD
Banque Misr has sold 25 mn shares in Medinet Nasr for Housing and Development (MNHD) for a total value of…
Beltone increases assets under management by 50% in 2017
Beltone Financial Holding raised its assets under management this year 50% to EGP 27 bn, Head of Brokerage Mustafa Abdel…
First EGP 10 bn phase of CBE’s Mortgage Finance Fund handed out
Local banks have handed out 100% of the first EGP 10 bn phase of the CBE’s Mortgage Finance Fund, CBE…
NBE, Banque Misr to provide USD 580 mn in trade finance for Dabaa NPP project
National Bank of Egypt (NBE) and Banque Misr have approved issuing trade finance facilities worth a total of USD 580…
PHD considers upping securitized bond issuance to EGP 1.6 bn next year
Palm Hills Development (PHD) is considering increasing its securitized bond issuance to EGP 1.6 bn from EGP 500 mn, PHD…
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