{"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":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Pharma may have appetite for capex as two manufacturers take on debt to finance new <\/strong><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 <a href=\"https:\/\/bit.ly\/3tEXJMU\">Souq Al Dawaa<\/a>. SPE Capital, which<a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/01\/spe-capital-buys-30-stake-in-future-pharma\/\">acquired 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<p><strong>Meanwhile, <\/strong><strong><a href=\"http:\/\/www.mdipharma.com\/index.html\">Marcyrl Pharma<\/a><\/strong><strong> is borrowing EGP 300 mn from QNB to bankroll <\/strong><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 <a href=\"https:\/\/bit.ly\/314t3so\">the newspaper<\/a>. The manufacturer aims to see a 20% boost in sales during 2021, Mounir said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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, [&hellip;]<\/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":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pharma 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. SPE Capital, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-22T03:57:14+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Pharma looking to grow?\",\"datePublished\":\"2021-03-22T03:57:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/\"},\"wordCount\":143,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"debt watch\",\"EnterpriseAM\",\"National Bank of Egypt\",\"QNB Alahli\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/\",\"name\":\"Pharma looking to grow? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-03-22T03:57:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pharma looking to grow?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Pharma looking to grow? - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/","og_locale":"en_US","og_type":"article","og_title":"Pharma looking to grow?","og_description":"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, [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-03-22T03:57:14+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Pharma looking to grow?","datePublished":"2021-03-22T03:57:14+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/"},"wordCount":143,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["debt watch","EnterpriseAM","National Bank of Egypt","QNB Alahli"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/","name":"Pharma looking to grow? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-03-22T03:57:14+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Pharma looking to grow?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"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":0},"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 &quot;Health + Education&quot;","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":1},"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 &quot;INVESTMENT + DEBT WATCH&quot;","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":608680,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/24\/eipico-wants-usd-70-mn-to-build-third-factory-plus-gypto-pharma-signs-egp-4-bn-worth-of-agreements-with-saudi-firm\/","url_meta":{"origin":561009,"position":2},"title":"EIPICO wants USD 70 mn to build third factory. 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 &quot;Investment Watch&quot;","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":550638,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/12\/telecom-egypt-to-hand-out-dividends-this-month-qnb-alahli-reports-12-y-o-y-rise-in-bottomline\/","url_meta":{"origin":561009,"position":3},"title":"Telecom Egypt to hand out dividends this month + QNB AlAhli reports 12% y-o-y rise in bottomline","author":"enterpriseam admin","date":"12 April 2022","format":false,"excerpt":"MARKET NEWS- QNB Alahli\u2019s bottom line increased 12% y-o-y in 1Q2022 to EGP 2.21 bn, according to the bank\u2019s earnings release (pdf).Telecom Egypt will pay out dividends to its shareholders on 26 April at a price of EGP 1 per share, the company announced (pdf). MARKET ROUNDUP- The EGX30 rose\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":[]},{"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 &quot;Health + Education&quot;","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":598318,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/21\/qnb-alahli-in-talks-with-ebrd-for-usd-70-mn-loan\/","url_meta":{"origin":561009,"position":5},"title":"QNB Alahli in talks with EBRD for USD 70 mn loan","author":"enterpriseam admin","date":"21 May 2019","format":false,"excerpt":"QNB Alahli is in talks with the European Bank for Reconstruction and Development (EBRD) over a USD 70 mn loan, the local press reports. The loan will be used to finance renewable energy projects, SMEs and value chains.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"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}]}}