{"id":600965,"date":"2019-02-14T04:04:38","date_gmt":"2019-02-14T04:04:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/evergrow-agrees-egp-1-2-bn-loan-with-three-banks\/"},"modified":"2019-02-14T04:04:38","modified_gmt":"2019-02-14T04:04:38","slug":"evergrow-agrees-egp-1-2-bn-loan-with-three-banks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/14\/evergrow-agrees-egp-1-2-bn-loan-with-three-banks\/","title":{"rendered":"Evergrow agrees EGP 1.2 bn loan with three banks"},"content":{"rendered":"

Evergrow for Speciality Fertilizers has reached an EGP 1.2 bn financing agreement with the National Bank of Egypt, the Arab African International Bank and Abu Dhabi Islamic Bank, Chairman Mohamed Al Kheshen told the domestic press<\/a>. The financing will be used to fund new investments and covers 60% of the company\u2019s total investment plans of EGP 2 bn. The company aims to produce 190k tonnes of fertilizers after its planned expansion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Evergrow for Speciality Fertilizers has reached an EGP 1.2 bn financing agreement with the National Bank of Egypt, the Arab African International Bank and Abu Dhabi Islamic Bank, Chairman Mohamed Al Kheshen told the domestic press. The financing will be used to fund new investments and covers 60% of the company\u2019s total investment plans of […]<\/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":[7255],"tags":[72,2224,99,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600965","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-evergrow","tag-fertilizers","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"4fd3d27f-9958-4443-a015-b88d6926a30a","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600935],"teaser":"","voice_url":""},"yoast_head":"\nEvergrow agrees EGP 1.2 bn loan with three 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\/02\/14\/evergrow-agrees-egp-1-2-bn-loan-with-three-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Evergrow agrees EGP 1.2 bn loan with three banks\" \/>\n<meta property=\"og:description\" content=\"Evergrow for Speciality Fertilizers has reached an EGP 1.2 bn financing agreement with the National Bank of Egypt, the Arab African International Bank and Abu Dhabi Islamic Bank, Chairman Mohamed Al Kheshen told the domestic press. 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Sarie-Eldin & Partners was the legal adviser\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":569071,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/12\/fertilizers-producer-evergrow-mulls-offering-30-stake\/","url_meta":{"origin":600965,"position":1},"title":"Fertilizers producer Evergrow mulls offering 30% stake","author":"enterpriseam admin","date":"12 February 2020","format":false,"excerpt":"IPO WATCH- EvergrowFor Speciality Fertilizers is planning to sell a 30% stake in an IPO on the EGX by no later than 2022, Chairman Mohamed El Kheshen told the local press. El Kheshen did not specify how much Evergrow is looking to raise from the sale. The company will begin\u2026","rel":"","context":"In "Speed Round"","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":593389,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/26\/evergrow-in-talks-with-egyptian-banks-to-restructure-egp-8-bn-in-loans-facilities\/","url_meta":{"origin":600965,"position":2},"title":"Evergrow in talks with Egyptian banks to restructure EGP 8 bn in loans, facilities","author":"enterpriseam admin","date":"26 November 2019","format":false,"excerpt":"Evergrow Specialty Fertilizers is in talks with a local banking consortium to restructure EGP 8 bn in loans and credit facilities, and is looking to get better terms and a lower interest margin on the loans, unnamed sources tell Al Mal. The consortium includes the National Bank of Egypt, Banque\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":633097,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/belgian-egyptian-jv-looks-to-build-egp-8-bn-phosphate-complex-is-this-evergrow-borealis-ecophos\/","url_meta":{"origin":600965,"position":3},"title":"Belgian, Egyptian JV looks to build EGP 8 bn phosphate complex\u2014is this Evergrow \/ Borealis \/ EcoPhos?","author":"enterpriseam admin","date":"27 February 2018","format":false,"excerpt":"INVESTMENT WATCH- Is this Evergrow \/ EcoPhos in an EGP 8 bn fertilizers JV? Two unnamed Egyptian and Belgian companies have formed a JV to establish a new EGP 8 bn fertilizer factory, Al Mal reports, citing unnamed sources. 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