{"id":572676,"date":"2020-07-05T04:00:55","date_gmt":"2020-07-05T04:00:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/"},"modified":"2020-07-05T04:00:55","modified_gmt":"2020-07-05T04:00:55","slug":"damietta-furniture-withdraws-egp-1-bn-loan-installment","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/","title":{"rendered":"Damietta Furniture withdraws EGP 1 bn loan installment"},"content":{"rendered":"

Damietta Furniture City has drawn down EGP 1 bn of its EGP 1.5 bn syndicated facility taken out from a consortium of local banks to finance working capital, Al Shorouk<\/a> reports.<\/p>\n","protected":false},"excerpt":{"rendered":"

Damietta Furniture City has drawn down EGP 1 bn of its EGP 1.5 bn syndicated facility taken out from a consortium of local banks to finance working capital, Al Shorouk reports.<\/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":[1156,2372,576,5095,3400,72,1164],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572676","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-al-baraka-bank","tag-banking-finance","tag-banque-misr","tag-damietta-furniture-city","tag-egyptian-arab-land-bank","tag-enterpriseam","tag-suez-canal-bank","wpautop","entry"],"acf":{"mongo_id":"2a8f3d5b-89d0-48a3-bb79-90e1c948255e","is_powered_by":true,"section_story_id":"bbaa0ff0-73cf-42ca-8911-2d1d1f3a6f7e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572644],"teaser":"","voice_url":""},"yoast_head":"\nDamietta Furniture withdraws EGP 1 bn loan installment - 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\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Damietta Furniture withdraws EGP 1 bn loan installment\" \/>\n<meta property=\"og:description\" content=\"Damietta Furniture City has drawn down EGP 1 bn of its EGP 1.5 bn syndicated facility taken out from a consortium of local banks to finance working capital, Al Shorouk reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-05T04:00:55+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\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Damietta Furniture withdraws EGP 1 bn loan installment\",\"datePublished\":\"2020-07-05T04:00:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/\"},\"wordCount\":36,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Al Baraka Bank\",\"BANKING + FINANCE\",\"Banque Misr\",\"Damietta Furniture City\",\"Egyptian Arab Land Bank\",\"EnterpriseAM\",\"Suez Canal Bank\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/\",\"name\":\"Damietta Furniture withdraws EGP 1 bn loan installment - 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Direct project financing will carry a 5% interest, El Etreby adds. The first phase of the furniture city project\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":571376,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/10\/banque-misr-to-arrange-loan-worth-up-to-egp-1-6-mn-to-damietta-furniture-city\/","url_meta":{"origin":572676,"position":1},"title":"Banque Misr to arrange loan worth up to EGP 1.6 mn to Damietta Furniture City","author":"enterpriseam admin","date":"10 May 2020","format":false,"excerpt":"Banque Misr will arrange a EGP 1.4-1.6 bn syndicated loan to Damietta Furniture City to help increase production and exports, Masrawy reports, citing unnamed banking sources. The National Bank of Egypt, the Egyptian Arab Land Bank, and the Export Development Bank are in talks to participate in the loan.","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":645839,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/damietta-furniture-city-company-in-talks-with-cib-and-qnb-for-egp-800-mn-loan\/","url_meta":{"origin":572676,"position":2},"title":"Damietta Furniture City Company in talks with CIB and QNB for EGP 800 mn loan","author":"enterpriseam admin","date":"31 July 2017","format":false,"excerpt":"Damietta Furniture City Company \u2014 which operates the Damietta Furniture City complex \u2014 is in negotiations with CIB and QNB for an EGP 800 mn loan, Al Borsa reports. Company CEO Moataz Bahaa El Din expects the two banks to agree to the financing within a week.","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":605044,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/damietta-furniture-city-military-production-ministry-to-build-egp-3-bn-mall\/","url_meta":{"origin":572676,"position":3},"title":"Damietta Furniture City, Military Production Ministry to build EGP 3 bn mall","author":"enterpriseam admin","date":"19 December 2018","format":false,"excerpt":"The Damietta Furniture City Company and a Military Production Ministry subsidiary will build a EGP 3 bn furniture mall in Damietta Furniture City, sources close to the matter said, according to Al Mal. 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The company had signed an MoU on Wednesday which would see it run and operate the commercial hub\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":575690,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/suez-for-methanol-derivatives-is-looking-for-egp-1-3-bn-loan-for-damietta-plant\/","url_meta":{"origin":572676,"position":5},"title":"Suez for Methanol Derivatives is looking for EGP 1.3 bn loan for Damietta plant","author":"enterpriseam admin","date":"22 October 2020","format":false,"excerpt":"Suez Methanol Derivatives Company is looking to secure a EGP 1.3 bn loan for its new plant Damietta, Al Mal reports. 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