{"id":567527,"date":"2020-01-26T03:57:37","date_gmt":"2020-01-26T03:57:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/"},"modified":"2020-01-26T03:57:37","modified_gmt":"2020-01-26T03:57:37","slug":"midor-completes-usd-300-mn-financing-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/","title":{"rendered":"MIDOR completes USD 300 mn financing agreement"},"content":{"rendered":"

The Middle East Oil Refinery<\/a> (Midor) has secured a USD 300 mn medium-term syndicated loan from CIB and Al Ahli Bank of Kuwait (ABK), according to Al Mal<\/a>. Midor plans to use the loan to finance its crude oil imports and their working capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Middle East Oil Refinery (Midor) has secured a USD 300 mn medium-term syndicated loan from CIB and Al Ahli Bank of Kuwait (ABK), according to Al Mal. Midor plans to use the loan to finance its crude oil imports and their working 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":[9298],"tags":[2372,240,72,3850,4459],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567527","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-cib","tag-enterpriseam","tag-middle-east-oil-refinery","tag-midor","wpautop","entry"],"acf":{"mongo_id":"24ff518f-d82b-4ab6-b139-4d25a0d12e6d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[567498],"teaser":"","voice_url":""},"yoast_head":"\nMIDOR completes USD 300 mn financing agreement - 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\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MIDOR completes USD 300 mn financing agreement\" \/>\n<meta property=\"og:description\" content=\"The Middle East Oil Refinery (Midor) has secured a USD 300 mn medium-term syndicated loan from CIB and Al Ahli Bank of Kuwait (ABK), according to Al Mal. Midor plans to use the loan to finance its crude oil imports and their working capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-26T03:57:37+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MIDOR completes USD 300 mn financing agreement\",\"datePublished\":\"2020-01-26T03:57:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/\"},\"wordCount\":49,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"CIB\",\"EnterpriseAM\",\"Middle East Oil Refinery\",\"MIDOR\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/\",\"name\":\"MIDOR completes USD 300 mn financing agreement - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-01-26T03:57:37+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MIDOR completes USD 300 mn financing agreement\"}]},{\"@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":"MIDOR completes USD 300 mn financing agreement - 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\/2020\/01\/26\/midor-completes-usd-300-mn-financing-agreement\/","og_locale":"en_US","og_type":"article","og_title":"MIDOR completes USD 300 mn financing agreement","og_description":"The Middle East Oil Refinery (Midor) has secured a USD 300 mn medium-term syndicated loan from CIB and Al Ahli Bank of Kuwait (ABK), according to Al Mal. 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The company will borrow EUR 12 mn from both the National Bank\u2026","rel":"","context":"In "Banking + Finance"","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":[]},{"id":571560,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/suez-canal-bank-sells-midor-stake-for-usd-30-6-mn\/","url_meta":{"origin":567527,"position":1},"title":"Suez Canal Bank sells Midor stake for USD 30.6 mn","author":"enterpriseam admin","date":"17 May 2020","format":false,"excerpt":"M&A WATCH- Suez Canal Bank sells Midor stake for USD 30.6 mn: The Suez Canal Bank has approved the sale of its 1.27% stake in the Middle East Oil Refinery (Midor) for USD 30.6 mn to the Egyptian General Petroleum Corporation, which owns 78% of the company, a bank statement\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571806,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/01\/suez-canal-bank-completes-usd-30-6-mn-stake-sale-of-midor\/","url_meta":{"origin":567527,"position":2},"title":"Suez Canal Bank completes USD 30.6 mn stake sale of Midor","author":"enterpriseam admin","date":"1 June 2020","format":false,"excerpt":"M&A WATCH- The Suez Canal Bank has completed the sale of its USD 30.6 mn stake in the Middle East Oil Refinery (Midor) to state-owned Egyptian General Petroleum Corporation (EGPC) after obtaining the necessary approvals from the Financial Regulatory Authority and the EGX, according to Masrawy. The bank had agreed\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622888,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/midor-to-finalize-this-week-usd-1-2-bn-loan-agreement-from-three-eu-banks\/","url_meta":{"origin":567527,"position":3},"title":"MIDOR to finalize this week USD 1.2 bn loan agreement from three EU banks","author":"enterpriseam admin","date":"15 October 2018","format":false,"excerpt":"State-owned company Middle East Oil Refinery (MIDOR) has reached a final agreement with Cr\u00e9dit Agricole and BNP Paribas and Italy\u2019s CDP over a USD 1.2 bn loan to finance the USD 2.2 bn-worth of expansions at its refinery, MIDOR Chairman Mohamed Abdel Aziz tells Al Mal. MIDOR had reached a\u2026","rel":"","context":"In "Banking + Finance"","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":[]},{"id":638402,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/03\/midor-to-receive-usd-1-2-bn-loan-from-credit-agricole-bnp-paribas-cdp\/","url_meta":{"origin":567527,"position":4},"title":"MIDOR to receive USD 1.2 bn loan from Cr\u00e9dit Agricole, BNP Paribas, CDP","author":"enterpriseam admin","date":"3 October 2017","format":false,"excerpt":"The Middle East Oil Refinery (MIDOR) is set to receive a USD 1.2 bn loan in 1Q2018 from a banking consortium composed of Cr\u00e9dit Agricole, BNP Paribas, and Italian bank Cassa Depositi e Prestiti, an unnamed Oil Ministry official tells Al Shorouk. MIDOR had reached a preliminary agreement with the\u2026","rel":"","context":"In "Banking + Finance"","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":[]},{"id":601342,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor\/","url_meta":{"origin":567527,"position":5},"title":"MIDOR reaches closure for USD 1.2 bn loan with Zaki Hashem as advisor","author":"enterpriseam admin","date":"26 February 2019","format":false,"excerpt":"Middle East Oil Refinery (Midor) has reached financial close on what is believed to be a USD 2.2 bn-expansion and upgrade program for its Alexandria refinery. The state-owned company reportedly signed the final contracts for the a USD 1.2 bn financing facility last October with Cr\u00e9dit Agricole, BNP Paribas and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"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\/567527","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=567527"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567527\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567498"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567527"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=567527"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=567527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}