{"id":601830,"date":"2019-03-11T04:22:25","date_gmt":"2019-03-11T04:22:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/elsewedy-electric-bod-signs-off-on-usd-150-mn-afreximbank-credit-facility\/"},"modified":"2019-03-11T04:22:25","modified_gmt":"2019-03-11T04:22:25","slug":"elsewedy-electric-bod-signs-off-on-usd-150-mn-afreximbank-credit-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/elsewedy-electric-bod-signs-off-on-usd-150-mn-afreximbank-credit-facility\/","title":{"rendered":"Elsewedy Electric BoD signs off on USD 150 mn Afreximbank credit facility"},"content":{"rendered":"

The board of directors of Elsewedy Electric has approved signing a USD 150 mn loan agreement with the African Export\u2013Import Bank, according to an EGX disclosure (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The board of directors of Elsewedy Electric has approved signing a USD 150 mn loan agreement with the African Export\u2013Import Bank, according to an EGX disclosure (pdf).<\/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":[204,2372,72,7087,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601830","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-enterpriseam","tag-finance","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"12c8149e-d5ff-4b34-917c-70cd123a8231","is_powered_by":true,"section_story_id":"ea013b8a-499e-429c-a564-483b618a5edc","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601799],"teaser":"","voice_url":""},"yoast_head":"\nElsewedy Electric BoD signs off on USD 150 mn Afreximbank credit facility - 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\/03\/11\/elsewedy-electric-bod-signs-off-on-usd-150-mn-afreximbank-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric BoD signs off on USD 150 mn Afreximbank credit facility\" \/>\n<meta property=\"og:description\" content=\"The board of directors of Elsewedy Electric has approved signing a USD 150 mn loan agreement with the African Export\u2013Import Bank, according to an EGX disclosure (pdf).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/elsewedy-electric-bod-signs-off-on-usd-150-mn-afreximbank-credit-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-11T04:22:25+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\/03\/11\/elsewedy-electric-bod-signs-off-on-usd-150-mn-afreximbank-credit-facility\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/elsewedy-electric-bod-signs-off-on-usd-150-mn-afreximbank-credit-facility\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Elsewedy Electric BoD signs off on USD 150 mn Afreximbank credit facility\",\"datePublished\":\"2019-03-11T04:22:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/elsewedy-electric-bod-signs-off-on-usd-150-mn-afreximbank-credit-facility\/\"},\"wordCount\":38,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"EnterpriseAM\",\"Finance\",\"Manufacturing\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/elsewedy-electric-bod-signs-off-on-usd-150-mn-afreximbank-credit-facility\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/elsewedy-electric-bod-signs-off-on-usd-150-mn-afreximbank-credit-facility\/\",\"name\":\"Elsewedy Electric BoD signs off on USD 150 mn Afreximbank credit facility - 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Baker McKenzie\u2019s Cairo-based law firm Helmy Hamza & Partners acted as legal counsel to the bank on the agreement, the sources said.","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":571971,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/07\/elsewedy-electric-eyes-egp-800-mn-1-bn-loan-for-6-october-dry-port\/","url_meta":{"origin":601830,"position":1},"title":"Elsewedy Electric eyes EGP 800 mn-1 bn loan for 6 October Dry port","author":"enterpriseam admin","date":"7 June 2020","format":false,"excerpt":"Elsewedy Electric is in talks with local banks to arrange a loan between EGP 800 mn and EGP 1 bn to finance the first phase of the 6 October Dry port project, which it is constructing alongside 3A International and Schenker Egypt, according to Al Shorouk. The phase is expected\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":596601,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/02\/nbg-agrees-to-issue-eur-41-7-mn-loan-for-elsewedy-electric\/","url_meta":{"origin":601830,"position":2},"title":"NBG agrees to issue EUR 41.7 mn loan for Elsewedy Electric","author":"enterpriseam admin","date":"2 July 2019","format":false,"excerpt":"The National Bank of Greece has agreed to issue a EUR 41.7 mn loan for Elsewedy Electric, it said in a press release. The long-term facility will be used to partially finance Elsewedy\u2019s acquisition of four Greek renewable energy companies.","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":547706,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/04\/fab-europe-arab-bank-to-contribute-to-elsewedys-usd-150-mn-ifc-loan\/","url_meta":{"origin":601830,"position":3},"title":"FAB + Europe Arab Bank to contribute to Elsewedy\u2019s USD 150 mn IFC loan","author":"enterpriseam admin","date":"4 July 2022","format":false,"excerpt":"More details on the IFC\u2019s USD 150 mn loan to Elsewedy Electric: First Abu Dhabi Bank and Europe Arab Bank are participating in the USD 150 mn loan from the International Finance Corporation (IFC) to Elsewedy Electric, the IFC said in a statement (pdf) last week. Elsewedy will mainly direct\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":598617,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/elsewedy-electric-agrees-to-eur-42-mn-loan-from-national-bank-of-greece\/","url_meta":{"origin":601830,"position":4},"title":"Elsewedy Electric agrees to EUR 42 mn loan from National Bank of Greece","author":"enterpriseam admin","date":"29 May 2019","format":false,"excerpt":"Elsewedy Electric\u2019s board of directors approved yesterday receiving a EUR 42 mn loan from the National Bank of Greece, according to an EGX disclosure (pdf). No details were provided on what the loan will be used for.","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":547636,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/elsewedy-electric-gets-usd-150-mn-from-ifc-to-fund-renewables-investments-abroad\/","url_meta":{"origin":601830,"position":5},"title":"Elsewedy Electric gets USD 150 mn from IFC to fund renewables investments abroad","author":"enterpriseam admin","date":"29 June 2022","format":false,"excerpt":"Elsewedy Electric will use a USD 150 mn loan from the International Finance Corporation (IFC) to acquire renewable energy plants outside of Egypt, company VP and CFO Sherif Elzeiny told CNBC Arabia in an interview (watch, runtime: 4:00). \u201cThe funds will also be used to support projects related to sustainability\u2026\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601830","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=601830"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601830\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601799"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601830"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601830"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}