{"id":628158,"date":"2018-06-26T04:22:13","date_gmt":"2018-06-26T04:22:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/five-local-banks-to-sign-contracts-with-al-canal-sugar-for-egp-2-3-bn-short-term-loan\/"},"modified":"2018-06-26T04:22:13","modified_gmt":"2018-06-26T04:22:13","slug":"five-local-banks-to-sign-contracts-with-al-canal-sugar-for-egp-2-3-bn-short-term-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/five-local-banks-to-sign-contracts-with-al-canal-sugar-for-egp-2-3-bn-short-term-loan\/","title":{"rendered":"Five local banks to sign contracts with Al Canal Sugar for EGP 2.3 bn short-term loan"},"content":{"rendered":"<p>A consortium of five local banks is expected to sign contracts with Al Ghurair Group\u2019s Al Canal Sugar for a EGP 2.3 bn short-term loan this week to fund its USD 1 bn sugar plant, unidentified <a href=\"http:\/\/almalnews.com\/Story\/380247\/12\/5-%D8%A8%D9%86%D9%88%D9%83-%D8%AA%D9%88%D9%82%D8%B9-%D9%82%D8%B1%D8%B6%D8%A7%D9%8B-%D9%85%D8%B9%D8%A8%D8%B1%D9%8A%D8%A7%D9%8B-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-2-3-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D9%82%D9%86%D8%A7%D8%A9-%D9%84%D9%84%D8%B3%D9%83%D8%B1\">sources tell Al Mal<\/a>. The banks include Qatar National Bank Ahli, AlexBank, National Bank of Egypt, NBK Egypt, and one bank that has yet to be announced, according to the sources. The loan will be disbursed in tranches over the course of nine months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium of five local banks is expected to sign contracts with Al Ghurair Group\u2019s Al Canal Sugar for a EGP 2.3 bn short-term loan this week to fund its USD 1 bn sugar plant, unidentified sources tell Al Mal. The banks include Qatar National Bank Ahli, AlexBank, National Bank of Egypt, NBK Egypt, and [&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":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628158","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"70f46680-657c-4804-bb87-fcab7156f19c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Five local banks to sign contracts with Al Canal Sugar for EGP 2.3 bn short-term loan","related_issue":[628124],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.d97891ca-2a65-45c5-b085-2e059c398560.mp3"},"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>Five local banks to sign contracts with Al Canal Sugar for EGP 2.3 bn short-term loan - 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\/06\/26\/five-local-banks-to-sign-contracts-with-al-canal-sugar-for-egp-2-3-bn-short-term-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five local banks to sign contracts with Al Canal Sugar for EGP 2.3 bn short-term loan\" \/>\n<meta property=\"og:description\" content=\"A consortium of five local banks is expected to sign contracts with Al Ghurair Group\u2019s Al Canal Sugar for a EGP 2.3 bn short-term loan this week to fund its USD 1 bn sugar plant, unidentified sources tell Al Mal. The banks include Qatar National Bank Ahli, AlexBank, National Bank of Egypt, NBK Egypt, and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/five-local-banks-to-sign-contracts-with-al-canal-sugar-for-egp-2-3-bn-short-term-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-26T04:22:13+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\/06\/26\/five-local-banks-to-sign-contracts-with-al-canal-sugar-for-egp-2-3-bn-short-term-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/five-local-banks-to-sign-contracts-with-al-canal-sugar-for-egp-2-3-bn-short-term-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Five local banks to sign contracts with Al Canal Sugar for EGP 2.3 bn short-term loan\",\"datePublished\":\"2018-06-26T04:22:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/five-local-banks-to-sign-contracts-with-al-canal-sugar-for-egp-2-3-bn-short-term-loan\/\"},\"wordCount\":94,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/five-local-banks-to-sign-contracts-with-al-canal-sugar-for-egp-2-3-bn-short-term-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/26\/five-local-banks-to-sign-contracts-with-al-canal-sugar-for-egp-2-3-bn-short-term-loan\/\",\"name\":\"Five local banks to sign contracts with Al Canal Sugar for EGP 2.3 bn short-term loan - 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Qatar National Bank Ahli, AlexBank, National Bank\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":574527,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/13\/whos-in-the-market-for-debt-rooya-monorail-canal-sugar\/","url_meta":{"origin":628158,"position":1},"title":"Who\u2019s in the market for debt? Rooya, monorail, Canal Sugar","author":"enterpriseam admin","date":"13 September 2020","format":false,"excerpt":"Weekends are usually a quiet time for the customary leaks in bankers\u2019 never-ending quest for a bit for PR on the issue of why (may be) loaning what to whom. Among the highlights: Real estate developer Rooya is said to be in the market for EGP 2 bn in finance\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":595749,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/six-egyptian-banks-begin-disbursing-egp-3-1-bn-loan-to-samcrete\/","url_meta":{"origin":628158,"position":2},"title":"Six Egyptian banks begin disbursing EGP 3.1 bn loan to Samcrete","author":"enterpriseam admin","date":"5 August 2019","format":false,"excerpt":"Six local banks \u2014 the National Bank of Egypt, Banque Misr, Banque du Caire, SAIB Bank, Suez Canal Bank, and the Export Development Bank of Egypt \u2014 have begun disbursing a EGP 3.1 bn loan to Samcrete for its work in a residential district in the new administrative capital, Al\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":602903,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/banque-misr-led-consortium-agrees-to-increase-loan-for-el-canal-sugar\/","url_meta":{"origin":628158,"position":3},"title":"Banque Misr-led consortium agrees to increase loan for El Canal Sugar","author":"enterpriseam admin","date":"9 April 2019","format":false,"excerpt":"A banking consortium led by Banque Misr has signed contracts to increase its syndicated loan to El Canal Sugar Company to EGP 3.1 bn, marking a EGP 1.35 bn increase, Al Masry Al Youm reports. The additional funding will be used to finance the establishment of a sugarcane factory in\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":594619,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/al-yosr-group-to-borrow-egp-1-1-bn-from-three-banks\/","url_meta":{"origin":628158,"position":4},"title":"Al Yosr Group to borrow EGP 1.1 bn from three banks","author":"enterpriseam admin","date":"2 September 2019","format":false,"excerpt":"Al Yosr Group has signed loan agreements with Banque du Caire (BdC), Suez Canal Bank (SCB) and the Industrial Development Bank (IDB) for a combined EGP 1.1 bn, sources told Al Shorouk. 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