{"id":561009,"date":"2021-03-22T03:57:14","date_gmt":"2021-03-22T03:57:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/"},"modified":"2021-03-22T03:57:14","modified_gmt":"2021-03-22T03:57:14","slug":"pharma-looking-to-grow","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/","title":{"rendered":"Pharma looking to grow?"},"content":{"rendered":"

<\/a> Pharma may have appetite for capex as two manufacturers take on debt to finance new <\/strong>production capacity:<\/strong> Future Pharma Industries (FPI) has secured a EGP 350 mn loan from the National Bank of Egypt and QNB AlAhli to fund a new EGP 500 mn plant, Chairman Gamal El Leithy tells Souq Al Dawaa<\/a>. SPE Capital, whichacquired a 30% stake in FPI<\/a> for EGP 500 mn, will finance the remaining funding needed to develop the project. The factory will produce ampoules and eye drops, and is expected to be operational by 2023, according to El Leithy.<\/p>\n

Meanwhile, <\/strong>Marcyrl Pharma<\/a><\/strong> is borrowing EGP 300 mn from QNB to bankroll <\/strong>the development of an aseptic production line<\/strong> for needles and drops in the company\u2019s factory in Obour City, General Manager Wagdy Mounir tells the newspaper<\/a>. The manufacturer aims to see a 20% boost in sales during 2021, Mounir said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pharma may have appetite for capex as two manufacturers take on debt to finance new production capacity: Future Pharma Industries (FPI) has secured a EGP 350 mn loan from the National Bank of Egypt and QNB AlAhli to fund a new EGP 500 mn plant, Chairman Gamal El Leithy tells Souq Al Dawaa. SPE Capital, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[88,72,248,625],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561009","post","type-post","status-publish","format-standard","hentry","category-debt-watch","tag-debt-watch","tag-enterpriseam","tag-national-bank-of-egypt","tag-qnb-alahli","wpautop","entry"],"acf":{"mongo_id":"6b88433b-11bd-40ec-b48e-6408bd9a65fa","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560997],"teaser":"","voice_url":""},"yoast_head":"\nPharma looking to grow? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharma looking to grow?\" \/>\n<meta property=\"og:description\" content=\"Pharma may have appetite for capex as two manufacturers take on debt to finance new production capacity: Future Pharma Industries (FPI) has secured a EGP 350 mn loan from the National Bank of Egypt and QNB AlAhli to fund a new EGP 500 mn plant, Chairman Gamal El Leithy tells Souq Al Dawaa. 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PLUS: GYPTO Pharma signs EGP 4 bn worth of agreements with Saudi firm","author":"enterpriseam admin","date":"24 October 2023","format":false,"excerpt":"The two banks in question to provide the funding are Qatar National Bank and Banque du Caire","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1167.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568732,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/02\/future-pharma-negotiating-with-banks-to-part-finance-new-egp-500-mn-factory\/","url_meta":{"origin":561009,"position":1},"title":"Future Pharma negotiating with banks to part-finance new EGP 500 mn factory","author":"enterpriseam admin","date":"2 February 2020","format":false,"excerpt":"Future Pharma Industries (FPI) is negotiating several unidentified local banks to secure funding for a new EGP 500 mn factory, CEO Gamal El Leithy told the local press. SPE Capital, which acquired a 30% stake in FPI for EGP 500 mn, will part-fund the project, he said, without providing an\u2026","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559687,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/01\/mansour-retail-ibnsina-multi-apex-announce-2021-investment-plans-lots-of-debt-news\/","url_meta":{"origin":561009,"position":2},"title":"Mansour retail, Ibnsina, Multi-Apex announce 2021 investment plans + lots of debt news","author":"enterpriseam admin","date":"1 February 2021","format":false,"excerpt":"We have a smattering of investment and debt news that may be relevant to your industry, depending on where you hang your hat during the nine to five:Ibnsina Pharma is planning to invest EGP 180 mn in 2021 to set up new distribution hubs and improve its tech capabilities, IR\u2026","rel":"","context":"In "INVESTMENT + DEBT WATCH"","block_context":{"text":"INVESTMENT + DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622030,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/finmin-settles-65-tax-disputes-with-qnb-egp-100-mn-repaid\/","url_meta":{"origin":561009,"position":3},"title":"FinMin settles 65 tax disputes with QNB, EGP 100 mn repaid","author":"enterpriseam admin","date":"25 November 2018","format":false,"excerpt":"The Finance Ministry has settled 65 tax disputes with QNB Al Ahli worth EGP 100 mn, which the bank has paid, Al Mal reports. The disputes primarily involved stamp tax payments dating back 20 years. The ministry waived 90% of delay penalties and additional fines for QNB as part of\u2026","rel":"","context":"In "Egypt Politics + Economics"","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":621973,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/22\/fpi-in-talks-with-investment-fund-spe-for-egp-500-mn\/","url_meta":{"origin":561009,"position":4},"title":"FPI in talks with investment fund SPE for EGP 500 mn","author":"enterpriseam admin","date":"22 November 2018","format":false,"excerpt":"Future Pharmaceutical Industries (FPI) is in talks with English investment fund SPE over a EGP 500 mn funding package to increase production, and expects to sign a final agreement \u201cwithin days,\u201d CEO Gamal El Leithy told Amwal Al Ghad. FPI plans to use the funds to install new production lines.","rel":"","context":"In "Health + Education"","block_context":{"text":"Health + Education","link":"https:\/\/enterpriseam.com\/egypt\/category\/health-education\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":589977,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/11\/earnings-watch-qnb-alahli\/","url_meta":{"origin":561009,"position":5},"title":"Earnings watch: QNB Alahli","author":"enterpriseam admin","date":"11 July 2023","format":false,"excerpt":"EARNINGS WATCH-QNB Alahli\u2019s net income rose 82% y-o-y to EGP 8.67 bn in 1H 2023, according to the bank\u2019sfinancials(pdf). Net interest income registered a 56% y-o-y to EGP 13.9 bn during the same period.The EGX30 rose 1.1% at today\u2019s close on turnover of EGP 1.98 bn. Regional investors were net\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=561009"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561009\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560997"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=561009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=561009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=561009"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=561009"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=561009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}