{"id":573236,"date":"2020-07-26T04:16:34","date_gmt":"2020-07-26T04:16:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-steel-in-talks-to-obtain-egp-2-bn-in-islamic-financing\/"},"modified":"2020-07-26T04:16:34","modified_gmt":"2020-07-26T04:16:34","slug":"egyptian-steel-in-talks-to-obtain-egp-2-bn-in-islamic-financing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-steel-in-talks-to-obtain-egp-2-bn-in-islamic-financing\/","title":{"rendered":"Egyptian Steel in talks to obtain EGP 2 bn in Islamic financing"},"content":{"rendered":"

The Egyptian Steel Group is seeking EGP 2 bn in shariah-compliant funding to increase its working capital and finance the expansion of its factories in Port Said and Ain Sokhna, Al Shorouk<\/a> reports, citing unnamed sources close to the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian Steel Group is seeking EGP 2 bn in shariah-compliant funding to increase its working capital and finance the expansion of its factories in Port Said and Ain Sokhna, Al Shorouk reports, citing unnamed sources close to the matter.<\/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":[2372,591,72,2337],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573236","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-egyptian-steel","tag-enterpriseam","tag-islamic-finance","wpautop","entry"],"acf":{"mongo_id":"b84f7389-250f-4ede-9901-69c9003611e9","is_powered_by":true,"section_story_id":"a19682ec-9147-4e6e-9219-df0a059608a4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[573206],"teaser":"","voice_url":""},"yoast_head":"\nEgyptian Steel in talks to obtain EGP 2 bn in Islamic financing - 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\/26\/egyptian-steel-in-talks-to-obtain-egp-2-bn-in-islamic-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian Steel in talks to obtain EGP 2 bn in Islamic financing\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Steel Group is seeking EGP 2 bn in shariah-compliant funding to increase its working capital and finance the expansion of its factories in Port Said and Ain Sokhna, Al Shorouk reports, citing unnamed sources close to the matter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-steel-in-talks-to-obtain-egp-2-bn-in-islamic-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-26T04:16:34+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\/26\/egyptian-steel-in-talks-to-obtain-egp-2-bn-in-islamic-financing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-steel-in-talks-to-obtain-egp-2-bn-in-islamic-financing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian Steel in talks to obtain EGP 2 bn in Islamic financing\",\"datePublished\":\"2020-07-26T04:16:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-steel-in-talks-to-obtain-egp-2-bn-in-islamic-financing\/\"},\"wordCount\":50,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"Egyptian Steel\",\"EnterpriseAM\",\"Islamic finance\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-steel-in-talks-to-obtain-egp-2-bn-in-islamic-financing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-steel-in-talks-to-obtain-egp-2-bn-in-islamic-financing\/\",\"name\":\"Egyptian Steel in talks to obtain EGP 2 bn in Islamic financing - 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The consortium includes the National Bank of Egypt, Banque\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":599760,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks\/","url_meta":{"origin":573236,"position":3},"title":"Beshay Steel subsidiary seeking EGP 3.5 bn loan from local banks","author":"enterpriseam admin","date":"9 January 2019","format":false,"excerpt":"Egyptian Sponge Iron and Steel (ESIS), a subsidiary of Beshay Steel, is holding talks with a number of local banks, including Banque Misr, NBE, CIB, QNB, and the Arab African International Bank, for a EGP 3.5 bn loan to finance expansions, according to Al Mal. 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