{"id":575690,"date":"2020-10-22T04:18:06","date_gmt":"2020-10-22T04:18:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/suez-for-methanol-derivatives-is-looking-for-egp-1-3-bn-loan-for-damietta-plant\/"},"modified":"2020-10-22T04:18:06","modified_gmt":"2020-10-22T04:18:06","slug":"suez-for-methanol-derivatives-is-looking-for-egp-1-3-bn-loan-for-damietta-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/suez-for-methanol-derivatives-is-looking-for-egp-1-3-bn-loan-for-damietta-plant\/","title":{"rendered":"Suez for Methanol Derivatives is looking for EGP 1.3 bn loan for Damietta plant"},"content":{"rendered":"

Suez Methanol Derivatives Company is looking to secure a EGP 1.3 bn loan for its new plant Damietta, Al Mal<\/a> reports. The group is reportedly speaking with CIB and QNB Al Ahli.<\/p>\n","protected":false},"excerpt":{"rendered":"

Suez Methanol Derivatives Company is looking to secure a EGP 1.3 bn loan for its new plant Damietta, Al Mal reports. The group is reportedly speaking with CIB and QNB Al Ahli.<\/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":[204,2372,240,72,625],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575690","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-cib","tag-enterpriseam","tag-qnb-alahli","wpautop","entry"],"acf":{"mongo_id":"ee0bbd97-d202-41f7-a3ad-2edc7bc09c6b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[575664],"teaser":"","voice_url":""},"yoast_head":"\nSuez for Methanol Derivatives is looking for EGP 1.3 bn loan for Damietta plant - 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\/22\/suez-for-methanol-derivatives-is-looking-for-egp-1-3-bn-loan-for-damietta-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suez for Methanol Derivatives is looking for EGP 1.3 bn loan for Damietta plant\" \/>\n<meta property=\"og:description\" content=\"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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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":555263,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/08\/methanex-egypt-settles-debt-for-damietta-plant\/","url_meta":{"origin":575690,"position":1},"title":"Methanex Egypt settles debt for Damietta plant","author":"enterpriseam admin","date":"8 November 2021","format":false,"excerpt":"Methanex Egypt fully settles USD 530 mn debt ahead of schedule: Canadian-Egyptian methanol producer Methanex has fully repaid a USD 530 mn facility before it was due, according to a company statement (pdf). The company used the facility to partially finance its USD 1 bn investment in its Damietta methanol\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572676,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/damietta-furniture-withdraws-egp-1-bn-loan-installment\/","url_meta":{"origin":575690,"position":2},"title":"Damietta Furniture withdraws EGP 1 bn loan installment","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"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.","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":622979,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/suez-methanol-signs-usd-35-40-mn-mou-with-apicorp-to-finance-methanol-facility\/","url_meta":{"origin":575690,"position":3},"title":"Suez Methanol signs USD 35-40 mn MoU with APICORP to finance methanol facility","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"Suez Company for Methanol Derivatives signed on Tuesday an MoU with the Arab Petroleum Investments Corporation (APICORP) on financing its USD 35-40 mn methanol derivatives plant, according to an Oil Ministry statement. The facility, which will be built in Damietta, will target sales on the domestic market.","rel":"","context":"In "Manufacturing"","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":599760,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks\/","url_meta":{"origin":575690,"position":4},"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. The company is looking to\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":630924,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/05\/cib-looks-into-arranging-egp-2-bn-loan-for-egyptian-steel\/","url_meta":{"origin":575690,"position":5},"title":"CIB looks into arranging EGP 2 bn loan for Egyptian Steel","author":"enterpriseam admin","date":"5 March 2018","format":false,"excerpt":"CIB is looking into arranging a EGP 2 bn syndicated loan for Egyptian Steel, unnamed banking services tell Al Shorouk. 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