{"id":604934,"date":"2018-12-17T04:23:13","date_gmt":"2018-12-17T04:23:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/egypt-aluminum-in-talks-with-banks-for-usd-600-mn-financing-for-new-product-line\/"},"modified":"2018-12-17T04:23:13","modified_gmt":"2018-12-17T04:23:13","slug":"egypt-aluminum-in-talks-with-banks-for-usd-600-mn-financing-for-new-product-line","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/egypt-aluminum-in-talks-with-banks-for-usd-600-mn-financing-for-new-product-line\/","title":{"rendered":"Egypt Aluminum in talks with banks for USD 600 mn financing for new product line"},"content":{"rendered":"

State-owned Egypt Aluminum is in talks with five local and international banks to finance a portion of its planned USD 600 mn new product line, according to Al Mal<\/a>. The company is looking to borrow 70% of the funds and will finance the remaining 30% through a capital increase. The banks include the National Bank of Egypt (NBE), CIB, the Arab African International Bank (AAIB), Qatar National Bank (QNB) and the European Investment Bank (EIB).<\/p>\n","protected":false},"excerpt":{"rendered":"

State-owned Egypt Aluminum is in talks with five local and international banks to finance a portion of its planned USD 600 mn new product line, according to Al Mal. The company is looking to borrow 70% of the funds and will finance the remaining 30% through a capital increase. The banks include the National Bank […]<\/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":[2372,1008,72,7087],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604934","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-egypt-aluminum","tag-enterpriseam","tag-finance","wpautop","entry"],"acf":{"mongo_id":"6182b29a-d24d-449e-8fbe-4bb0a654a731","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Egypt Aluminum in talks with banks for USD 600 mn financing for new product line","related_issue":[604907],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.cbd8d26f-87fd-4052-b9df-a717b0cbbff5.mp3"},"yoast_head":"\nEgypt Aluminum in talks with banks for USD 600 mn financing for new product line - 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\/2018\/12\/17\/egypt-aluminum-in-talks-with-banks-for-usd-600-mn-financing-for-new-product-line\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt Aluminum in talks with banks for USD 600 mn financing for new product line\" \/>\n<meta property=\"og:description\" content=\"State-owned Egypt Aluminum is in talks with five local and international banks to finance a portion of its planned USD 600 mn new product line, according to Al Mal. The company is looking to borrow 70% of the funds and will finance the remaining 30% through a capital increase. The banks include the National Bank […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/egypt-aluminum-in-talks-with-banks-for-usd-600-mn-financing-for-new-product-line\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-17T04:23:13+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\/2018\/12\/17\/egypt-aluminum-in-talks-with-banks-for-usd-600-mn-financing-for-new-product-line\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/egypt-aluminum-in-talks-with-banks-for-usd-600-mn-financing-for-new-product-line\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt Aluminum in talks with banks for USD 600 mn financing for new product line\",\"datePublished\":\"2018-12-17T04:23:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/egypt-aluminum-in-talks-with-banks-for-usd-600-mn-financing-for-new-product-line\/\"},\"wordCount\":86,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"Egypt Aluminum\",\"EnterpriseAM\",\"Finance\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/egypt-aluminum-in-talks-with-banks-for-usd-600-mn-financing-for-new-product-line\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/17\/egypt-aluminum-in-talks-with-banks-for-usd-600-mn-financing-for-new-product-line\/\",\"name\":\"Egypt Aluminum in talks with banks for USD 600 mn financing for new product line - 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GB Lease approached CIB, National Bank of Egypt, and Arab African International Bank for a loan with a term of 3-5 years.","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":629336,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/28\/nbe-receives-usd-200-mn-tranche-of-usd-300-mn-afreximbank-loan\/","url_meta":{"origin":604934,"position":2},"title":"NBE receives USD 200 mn tranche of USD 300 mn Afreximbank loan","author":"enterpriseam admin","date":"28 May 2018","format":false,"excerpt":"The National Bank of Egypt (NBE) has received a USD 200 mn tranche of its USD 300 mn facility from the African Export-Import Bank (Afreximbank), an unnamed bank official tells Al Shorouk. The two banks had signed a USD 300 mn three-year financing agreement in April 2017 that would be\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":648589,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/banque-misr-in-talks-to-borrow-usd-700-mn-from-international-institutions\/","url_meta":{"origin":604934,"position":3},"title":"Banque Misr in talks to borrow USD 700 mn from international institutions","author":"enterpriseam admin","date":"6 April 2017","format":false,"excerpt":"Banque Misr is in negotiations for USD 700 mn in funding to support its foreign currency liquidity, vice Chairman Akef El Maghraby told Al Mal. Banque Misr is in talks with Afrexim Bank for a USD 200 mn loan and USD 500 mn from the European Investment Bank. El Maghraby\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":553375,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/01\/nbe-in-talks-for-usd-600-mn-facility\/","url_meta":{"origin":604934,"position":4},"title":"NBE in talks for USD 600 mn facility","author":"enterpriseam admin","date":"1 December 2021","format":false,"excerpt":"State-owned National Bank of Egypt (NBE) is in talks with an Asian development bank to borrow more than USD 600 mn, Al Masdar reports. 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