{"id":599242,"date":"2019-06-23T04:00:38","date_gmt":"2019-06-23T04:00:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/cib-signs-egp-400-mn-financing-agreement-with-mup\/"},"modified":"2019-06-23T04:00:38","modified_gmt":"2019-06-23T04:00:38","slug":"cib-signs-egp-400-mn-financing-agreement-with-mup","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/cib-signs-egp-400-mn-financing-agreement-with-mup\/","title":{"rendered":"CIB signs EGP 400 mn financing agreement with MUP"},"content":{"rendered":"

CIB has signed a EGP 400 mn medium-term financing contract with Medical Union Pharma (MUP), bringing the company\u2019s total credit facilities to EGP 1 bn, AMAY reported<\/a>. The financing aims to consolidate the company\u2019s financial standing and allow it to boost its investments in the coming phase as well as set up new facilities.<\/p>\n","protected":false},"excerpt":{"rendered":"

CIB has signed a EGP 400 mn medium-term financing contract with Medical Union Pharma (MUP), bringing the company\u2019s total credit facilities to EGP 1 bn, AMAY reported. The financing aims to consolidate the company\u2019s financial standing and allow it to boost its investments in the coming phase as well as set up new facilities.<\/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":[204,2372,240,72,7087,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599242","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-cib","tag-enterpriseam","tag-finance","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"5a744777-82e3-4abf-b5a0-6a2588d3e559","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[599212],"teaser":"","voice_url":""},"yoast_head":"\nCIB signs EGP 400 mn financing agreement with MUP - 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\/2019\/06\/23\/cib-signs-egp-400-mn-financing-agreement-with-mup\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB signs EGP 400 mn financing agreement with MUP\" \/>\n<meta property=\"og:description\" content=\"CIB has signed a EGP 400 mn medium-term financing contract with Medical Union Pharma (MUP), bringing the company\u2019s total credit facilities to EGP 1 bn, AMAY reported. The financing aims to consolidate the company\u2019s financial standing and allow it to boost its investments in the coming phase as well as set up new facilities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/cib-signs-egp-400-mn-financing-agreement-with-mup\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-23T04:00:38+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\/2019\/06\/23\/cib-signs-egp-400-mn-financing-agreement-with-mup\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/cib-signs-egp-400-mn-financing-agreement-with-mup\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CIB signs EGP 400 mn financing agreement with MUP\",\"datePublished\":\"2019-06-23T04:00:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/cib-signs-egp-400-mn-financing-agreement-with-mup\/\"},\"wordCount\":62,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"CIB\",\"EnterpriseAM\",\"Finance\",\"pharma\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/cib-signs-egp-400-mn-financing-agreement-with-mup\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/23\/cib-signs-egp-400-mn-financing-agreement-with-mup\/\",\"name\":\"CIB signs EGP 400 mn financing agreement with MUP - 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A subsidiary of Arabia Investment, Development, and Financial Holding Company (AIND) will manage the issuance with the participation of CIB and the National Bank of\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":593488,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/cib-launches-a-full-financing-program-for-smes\/","url_meta":{"origin":599242,"position":2},"title":"CIB launches a full financing program for SMEs","author":"enterpriseam admin","date":"28 November 2019","format":false,"excerpt":"CIB has launched a financing program tailored specifically for SMEs, according to AlMal. The program offers medium- and long-term investments with repayment periods of up to five years, in addition to financing letters of guarantee and overdrafts worth up to EGP 30 mn.","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":599242,"position":3},"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":631025,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/adia-sells-egp-30-89-mn-cib-stake\/","url_meta":{"origin":599242,"position":4},"title":"ADIA sells EGP 30.89 mn CIB stake","author":"enterpriseam admin","date":"7 March 2018","format":false,"excerpt":"The Abu Dhabi Investment Authority (ADIA) has sold an EGP 30.89 mn stake in CIB, according to an EGX release. The sale of the 400k shares at EGP 77.2418 per share brings ADIA\u2019s holding to 4.9661% of the company's shares.","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":596797,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/nacc-begins-talks-with-major-banks-for-egp-20-bn-financing\/","url_meta":{"origin":599242,"position":5},"title":"NACC begins talks with major banks for EGP 20 bn financing","author":"enterpriseam admin","date":"8 July 2019","format":false,"excerpt":"The New Administrative Capital Company (NACC) has begun preliminary talks with a number of local banks to secure EGP 20 bn in financing for infrastructure works and various investment plans, sources told Al Mal. 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