{"id":573693,"date":"2020-08-13T04:06:36","date_gmt":"2020-08-13T04:06:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/"},"modified":"2020-08-13T04:06:36","modified_gmt":"2020-08-13T04:06:36","slug":"faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/","title":{"rendered":"Faragalla Group secures EGP 995 mn syndicated loan from Egyptian banks"},"content":{"rendered":"

Faragalla Group has signed a EGP 995 mn syndicated loan agreement with CIB, the Arab African Bank, and the National Bank of Qatar, Al Mal<\/a> reports, citing unnamed sources familiar with the matter. The agreement covers a little less than half the EGP 2.05 bn in loans the company is looking to secure to increase its working capital and restructure its debt. The National Bank of Egypt arranged the loan.<\/p>\n","protected":false},"excerpt":{"rendered":"

Faragalla Group has signed a EGP 995 mn syndicated loan agreement with CIB, the Arab African Bank, and the National Bank of Qatar, Al Mal reports, citing unnamed sources familiar with the matter. The agreement covers a little less than half the EGP 2.05 bn in loans the company is looking to secure to increase […]<\/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":[430,2372,240,72,5690,248],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573693","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-arab-african-international-bank","tag-banking-finance","tag-cib","tag-enterpriseam","tag-faragalla-group","tag-national-bank-of-egypt","wpautop","entry"],"acf":{"mongo_id":"d22b9c21-8161-49d0-88c8-7a8d1022bdde","is_powered_by":true,"section_story_id":"9876eb03-d720-497b-9cc5-94c2e3b5c78c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[573670],"teaser":"","voice_url":""},"yoast_head":"\nFaragalla Group secures EGP 995 mn syndicated loan from Egyptian banks - 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\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Faragalla Group secures EGP 995 mn syndicated loan from Egyptian banks\" \/>\n<meta property=\"og:description\" content=\"Faragalla Group has signed a EGP 995 mn syndicated loan agreement with CIB, the Arab African Bank, and the National Bank of Qatar, Al Mal reports, citing unnamed sources familiar with the matter. The agreement covers a little less than half the EGP 2.05 bn in loans the company is looking to secure to increase […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-13T04:06:36+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\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Faragalla Group secures EGP 995 mn syndicated loan from Egyptian banks\",\"datePublished\":\"2020-08-13T04:06:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/\"},\"wordCount\":78,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Arab African International Bank\",\"BANKING + FINANCE\",\"CIB\",\"EnterpriseAM\",\"Faragalla Group\",\"National Bank of Egypt\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/\",\"name\":\"Faragalla Group secures EGP 995 mn syndicated loan from Egyptian banks - 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CIB, Arab Bank, AAIB, Attijariwafa Bank subsidiary Wafa Assurance, the United\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":574107,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/","url_meta":{"origin":573693,"position":1},"title":"CIB, MNHD sign EGP 1.1 bn syndicated loan agreement","author":"enterpriseam admin","date":"30 August 2020","format":false,"excerpt":"Our friends at CIB will be leading a consortium to arrange a EGP 1.1 bn syndicated loan for Madinet Nasr Housing and Development (MNHD), MNHD said in a regulatory filing. 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CIB, the Arab African International Bank, the National Bank of Abu Dhabi, and the Arab Bank form the consortium. EFG Hermes was Al-Futtaim\u2019s financial advisor. 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":592750,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/three-banks-to-give-misr-italia-egp-650-syndicated-loan\/","url_meta":{"origin":573693,"position":3},"title":"Three banks to give Misr Italia EGP 650 syndicated loan","author":"enterpriseam admin","date":"5 November 2019","format":false,"excerpt":"Misr Italia Real Estate Group is set to receive a syndicated loan worth EGP 650 mn from Al Ahli Bank, Egyptian Gulf Bank, and Arab Investment Bank, according to the local press. 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