{"id":575609,"date":"2020-10-20T04:20:59","date_gmt":"2020-10-20T04:20:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/four-banks-offer-egp-800-mn-to-support-eipico-cancer-treatment-project\/"},"modified":"2020-10-20T04:20:59","modified_gmt":"2020-10-20T04:20:59","slug":"four-banks-offer-egp-800-mn-to-support-eipico-cancer-treatment-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/four-banks-offer-egp-800-mn-to-support-eipico-cancer-treatment-project\/","title":{"rendered":"Four banks offer EGP 800 mn to support EIPICO cancer treatment project"},"content":{"rendered":"<p>The Egyptian International Pharmaceutical Industries (EIPICO) has received four offers from banks to provide a EGP 800 mn loan to part finance its cancer treatment project dubbed EIPICO 3, Chairman Ahmed Kilani told <a href=\"https:\/\/bit.ly\/31kcQ2x\">Al Mal<\/a>. The <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/252548_1.pdf\">EGP 1.2 bn (pdf)<\/a> project is the first of its kind in Egypt and will produce medical products to treat cancers and hormonal s<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian International Pharmaceutical Industries (EIPICO) has received four offers from banks to provide a EGP 800 mn loan to part finance its cancer treatment project dubbed EIPICO 3, Chairman Ahmed Kilani told Al Mal. The EGP 1.2 bn (pdf) project is the first of its kind in Egypt and will produce medical products to [&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":[9314],"tags":[7106,487,72,2400,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575609","post","type-post","status-publish","format-standard","hentry","category-health-education","tag-debt","tag-eipico","tag-enterpriseam","tag-health-education","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"872573d3-f66a-4d74-9616-9d7b06642c3c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[575579],"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>Four banks offer EGP 800 mn to support EIPICO cancer treatment project - 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\/10\/20\/four-banks-offer-egp-800-mn-to-support-eipico-cancer-treatment-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Four banks offer EGP 800 mn to support EIPICO cancer treatment project\" \/>\n<meta property=\"og:description\" content=\"The Egyptian International Pharmaceutical Industries (EIPICO) has received four offers from banks to provide a EGP 800 mn loan to part finance its cancer treatment project dubbed EIPICO 3, Chairman Ahmed Kilani told Al Mal. The EGP 1.2 bn (pdf) project is the first of its kind in Egypt and will produce medical products to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/four-banks-offer-egp-800-mn-to-support-eipico-cancer-treatment-project\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-20T04:20:59+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\/10\/20\/four-banks-offer-egp-800-mn-to-support-eipico-cancer-treatment-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/four-banks-offer-egp-800-mn-to-support-eipico-cancer-treatment-project\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Four banks offer EGP 800 mn to support EIPICO cancer treatment project\",\"datePublished\":\"2020-10-20T04:20:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/four-banks-offer-egp-800-mn-to-support-eipico-cancer-treatment-project\/\"},\"wordCount\":68,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"debt\",\"Eipico\",\"EnterpriseAM\",\"Health + Education\",\"pharma\"],\"articleSection\":[\"Health + Education\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/four-banks-offer-egp-800-mn-to-support-eipico-cancer-treatment-project\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/10\/20\/four-banks-offer-egp-800-mn-to-support-eipico-cancer-treatment-project\/\",\"name\":\"Four banks offer EGP 800 mn to support EIPICO cancer treatment project - 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Industries Company (EIPICO) is planning to set up a biosimilar production facility at a cost of up to EGP 1 bn, Al Mal reports. EIPICO is expecting to soon finalize procedures to acquire a 10k sqm land plot in 10th of Ramadan for the\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":596530,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/eipico-board-approves-acquisition-of-9-77-stake-in-medical-union-pharma\/","url_meta":{"origin":575609,"position":1},"title":"Eipico board approves acquisition of 9.77% stake in Medical Union Pharma","author":"enterpriseam admin","date":"1 July 2019","format":false,"excerpt":"M&A WATCH- Eipico looking to acquire 9.77% stake in Medical Union: Pharma player Eipico\u2019s board of directors has agreed to acquire a 9.77% stake in Medical Union Pharma (MUP) for over EGP 200 mn, sources told the local press. The stake belongs to Egylease, which is looking to increase the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":591940,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/eipico-acquires-a-10-stake-in-medical-union\/","url_meta":{"origin":575609,"position":2},"title":"Eipico acquires a 10% stake in Medical Union","author":"enterpriseam admin","date":"22 December 2019","format":false,"excerpt":"M&A WATCH- Eipico acquires a 10% stake in Medical Union: Pharma player Eipicohas acquired a 10% stake in Medical Union Pharma for EGP 210 mn, sources close to the matter tell Al Mal. The company bought 4.8 mn shares that were previously owned by Egyleaseas part of its exit from\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":544288,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/23\/earnings-watch-el-nasr-civil-works-oriental-weavers-eipico\/","url_meta":{"origin":575609,"position":3},"title":"Earnings watch: El Nasr Civil Works, Oriental Weavers, EIPICO","author":"enterpriseam admin","date":"23 February 2022","format":false,"excerpt":"EARNINGS WATCH-El Nasr Civil Works reported a net income of EGP 958k in 2021, reversing from net losses of EGP 27.02 mn in 2020, according to the company\u2019s financials (pdf). Revenues saw a 24.5% annual drop for the year to record EGP 135.82 mn.Oriental Weavers reported a net income of\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":570540,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/05\/eipico-to-begin-running-its-egp-1-bn-third-plant-in-may\/","url_meta":{"origin":575609,"position":4},"title":"EIPICO to begin running its EGP 1 bn third plant in May","author":"enterpriseam admin","date":"5 April 2020","format":false,"excerpt":"The Egyptan International Company for Pharma Industries (EIPICO) will start production on its third plant in May, thelocal press reports. The factory, based in the Tenth of Ramadan City, cost EIPICO EGP 1 bn and is expected to contribute to the government\u2019s fight against the covid-19 outbreak by producing genetically\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550370,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/25\/saudi-wealth-fund-acquires-minority-stake-in-eipico\/","url_meta":{"origin":575609,"position":5},"title":"Saudi wealth fund acquires minority stake in EIPICO","author":"enterpriseam admin","date":"25 October 2022","format":false,"excerpt":"PIF now owns a slice of EIPICO: Saudi Arabia\u2019s sovereign wealth fund is strengthening its position in Egypt\u2019s pharma sector, acquiring a 4.7% stake in EGX-listed Egyptian Pharma Company (EIPICO), Al Mal reports, citing sources it says are in the know. The Public Investment Fund (PIF) reportedly purchased some 4.7\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/325.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575609","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=575609"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/575609\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/575579"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=575609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=575609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=575609"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=575609"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=575609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}