{"id":599760,"date":"2019-01-09T04:24:59","date_gmt":"2019-01-09T04:24:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks\/"},"modified":"2019-01-09T04:24:59","modified_gmt":"2019-01-09T04:24:59","slug":"beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks\/","title":{"rendered":"Beshay Steel subsidiary seeking EGP 3.5 bn loan from local banks"},"content":{"rendered":"<p>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, <a href=\"https:\/\/www.almalnews.com\/Story\/405723\/12\/%D8%A8%D8%B4%D8%A7%D9%89-%D9%84%D9%84%D8%B5%D9%84%D8%A8-%D8%AA%D8%AA%D9%81%D8%A7%D9%88%D8%B6-%D9%84%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6-3-5-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87\">according to Al Mal<\/a>. The company is looking to finalize the loan agreement in 1Q2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 finalize the loan agreement in [&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":[9298],"tags":[204,2372,317,72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599760","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-commodities","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"7af0e0ca-bb13-450a-b720-08c49e3b53e4","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[599728],"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>Beshay Steel subsidiary seeking EGP 3.5 bn loan from local 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\/2019\/01\/09\/beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beshay Steel subsidiary seeking EGP 3.5 bn loan from local banks\" \/>\n<meta property=\"og:description\" content=\"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 finalize the loan agreement in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-09T04:24:59+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\/2019\/01\/09\/beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Beshay Steel subsidiary seeking EGP 3.5 bn loan from local banks\",\"datePublished\":\"2019-01-09T04:24:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks\/\"},\"wordCount\":65,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"commodities\",\"EnterpriseAM\",\"Manufacturing\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/09\/beshay-steel-subsidiary-seeking-egp-3-5-bn-loan-from-local-banks\/\",\"name\":\"Beshay Steel subsidiary seeking EGP 3.5 bn loan from local banks - 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the facility would reportedly include a USD 100 mn foreign currency tranche.","rel":"","context":"In &quot;Banking + Finance&quot;","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":574731,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/whos-in-the-market-for-debt-hassan-allam-ezz-steel-gasco\/","url_meta":{"origin":599760,"position":1},"title":"Who\u2019s in the market for debt: Hassan Allam, Ezz Steel, GASCO","author":"enterpriseam admin","date":"20 September 2020","format":false,"excerpt":"Hassan Allam Properties is seeking to obtain a EGP 1.6 bn loan to finance various real estate projects under development, Al Shorouk reports, citing unnamed sources familiar with the matter. The National Bank of Egypt has presented the company with a financing offer for the loan, the report adds. Ezz\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":573235,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/nbe-manages-egp-3-5-bn-joint-loan-for-ezz-steel\/","url_meta":{"origin":599760,"position":2},"title":"NBE manages EGP 3.5 bn joint loan for Ezz Steel","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"The National Bank of Egypt (NBE) is managing a EGP 3.5 bn joint loan for the Ezz Steel Group to increase its working capital, Al Shorouk reports, citing unnamed informed sources. NBE, the AAIB, Banque Misr and Banque du Caire are all participating in the loan. The steel company is\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":593591,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/02\/saib-leading-group-of-egyptian-banks-to-arrange-egp-1-bn-loan-for-dorra-real-estate\/","url_meta":{"origin":599760,"position":3},"title":"SAIB leading group of Egyptian banks to arrange EGP 1 bn loan for Dorra Real Estate","author":"enterpriseam admin","date":"2 October 2019","format":false,"excerpt":"SAIB Bank is in talks with a number of unnamed local banks to arrange a EGP 1 bn syndicated loan for Dorra Real Estate Development Group to fund projects in the new administrative capital, banking sources told Al Shorouk.","rel":"","context":"In &quot;Banking + Finance&quot;","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":598718,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/misr-italia-in-talks-with-unnamed-egyptian-banks-for-egp-1-5-bn-loan\/","url_meta":{"origin":599760,"position":4},"title":"Misr Italia in talks with unnamed Egyptian banks for EGP 1.5 bn loan","author":"enterpriseam admin","date":"2 June 2019","format":false,"excerpt":"Real estate developer Misr Italia is in talks with unnamed local banks to arrange EGP 1.5 bn in financing for its projects, CEO Mohamed El Assal said. Of the proceeds, EGP 550 mn will help fund the company\u2019s Cairo Business Park in New Cairo. The remainder will be directed to\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":593301,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/cairo-3a-looking-for-egp-1-bn-loan-from-egyptian-banks\/","url_meta":{"origin":599760,"position":5},"title":"Cairo 3A looking for EGP 1 bn loan from Egyptian banks","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"Cairo 3A Poultry is in talks with local banks for a EGP 1 bn loan to finance its expansion plans once it finalizes the EGP 500 mn acquisition of Pyramid Poultry, sources close to the matter tell Al Mal. 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