{"id":628953,"date":"2018-05-17T04:11:41","date_gmt":"2018-05-17T04:11:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/rayas-aman-to-hold-talks-with-four-banks-to-borrow-egp-481-mn\/"},"modified":"2018-05-17T04:11:41","modified_gmt":"2018-05-17T04:11:41","slug":"rayas-aman-to-hold-talks-with-four-banks-to-borrow-egp-481-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/rayas-aman-to-hold-talks-with-four-banks-to-borrow-egp-481-mn\/","title":{"rendered":"Raya\u2019s Aman to hold talks with four banks to borrow EGP 481 mn"},"content":{"rendered":"

Raya Holding subsidiary Aman is planning to hold talks with four unnamed local banks to borrow EGP 481 mn to begin financing SMEs as of next year, CEO Hazem Moghazy tells Al Mal<\/a>. Aman may sign the loan contracts within weeks, he adds.<\/p>\n","protected":false},"excerpt":{"rendered":"

Raya Holding subsidiary Aman is planning to hold talks with four unnamed local banks to borrow EGP 481 mn to begin financing SMEs as of next year, CEO Hazem Moghazy tells Al Mal. Aman may sign the loan contracts within weeks, he adds.<\/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-628953","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"369ca2fe-a362-448f-bf70-412d08189a82","order":"0","is_powered_by":true,"section_story_id":"10edd94f-6d88-4db7-a9ba-35b095e95729","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628925],"teaser":"","voice_url":""},"yoast_head":"\nRaya\u2019s Aman to hold talks with four banks to borrow EGP 481 mn - 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\/05\/17\/rayas-aman-to-hold-talks-with-four-banks-to-borrow-egp-481-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya\u2019s Aman to hold talks with four banks to borrow EGP 481 mn\" \/>\n<meta property=\"og:description\" content=\"Raya Holding subsidiary Aman is planning to hold talks with four unnamed local banks to borrow EGP 481 mn to begin financing SMEs as of next year, CEO Hazem Moghazy tells Al Mal. Aman may sign the loan contracts within weeks, he adds.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/rayas-aman-to-hold-talks-with-four-banks-to-borrow-egp-481-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-17T04:11:41+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\/05\/17\/rayas-aman-to-hold-talks-with-four-banks-to-borrow-egp-481-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/rayas-aman-to-hold-talks-with-four-banks-to-borrow-egp-481-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Raya\u2019s Aman to hold talks with four banks to borrow EGP 481 mn\",\"datePublished\":\"2018-05-17T04:11:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/rayas-aman-to-hold-talks-with-four-banks-to-borrow-egp-481-mn\/\"},\"wordCount\":55,\"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\/05\/17\/rayas-aman-to-hold-talks-with-four-banks-to-borrow-egp-481-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/rayas-aman-to-hold-talks-with-four-banks-to-borrow-egp-481-mn\/\",\"name\":\"Raya\u2019s Aman to hold talks with four banks to borrow EGP 481 mn - 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The company hopes to borrow EGP 100 mn from each bank, having already obtained EGP 500 mn in\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":596751,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/07\/aman-in-talks-with-four-banks-to-increase-credit-portfolio-to-egp-700-mn\/","url_meta":{"origin":628953,"position":1},"title":"Aman in talks with four banks to increase credit portfolio to EGP 700 mn","author":"enterpriseam admin","date":"7 July 2019","format":false,"excerpt":"Raya Holding\u2019s microfinance arm Aman is in talks with four banks to increase its credit portfolio to EGP 700 mn by the end of 2019, up from EGP 445 mn, head of microfinance Ahmed El Khatib said, according to Al Mal. The company said last month it intended to increase\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":563276,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/24\/aman-wants-to-borrow-egp-250-mn-for-micro-lending\/","url_meta":{"origin":628953,"position":2},"title":"Aman wants to borrow EGP 250 mn for micro lending","author":"enterpriseam admin","date":"24 June 2021","format":false,"excerpt":"Raya subsidiary Aman Holding is in talks with a syndicate of the Arab African International Bank (AAIB) and the Arab Bank for a EGP 250 mn credit facility to on-lend to micro projects, Hapi Journal reports.Non-bank lenders have been barred from accepting blank-checks or IoUs that don\u2019t specify exact amounts\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":[]},{"id":555495,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/cira-to-borrow-egp-375-mn-for-capex-spending-egylease-closes-securitized-bond-issuance\/","url_meta":{"origin":628953,"position":3},"title":"CIRA to borrow EGP 375 mn for capex spending + EgyLease closes securitized bond issuance","author":"enterpriseam admin","date":"16 November 2021","format":false,"excerpt":"EGX-listed education outfit CIRA is borrowing EGP 375 mn from Ahli United Bank to finance fresh investments, the company said in a regulatory filing (pdf) yesterday. The company\u2019s board greenlit the decision earlier this week, the disclosure says. No further details or information were provided in the disclosure and a\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":594619,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/al-yosr-group-to-borrow-egp-1-1-bn-from-three-banks\/","url_meta":{"origin":628953,"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. Al Yosr will borrow EGP 800 mn from BdC, EGP 200 mn from SCB and EGP 100 mn\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":572407,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/samcrete-looks-to-borrow-egp-1-7-bn-from-local-banks-to-work-on-new-cities\/","url_meta":{"origin":628953,"position":5},"title":"Samcrete looks to borrow EGP 1.7 bn from local banks to work on new cities","author":"enterpriseam admin","date":"23 June 2020","format":false,"excerpt":"Conglomerate Samcrete is in talks with two local banks to arrange a EGP 1.7 bn loan to finance its work in new cities, Al Mal reports, quoting sources with knowledge of the matter. 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