{"id":629830,"date":"2018-04-02T04:59:02","date_gmt":"2018-04-02T04:59:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/oilex-to-borrow-egp-1-5-bn-from-banks-consortium-including-cib-and-nbe\/"},"modified":"2018-04-02T04:59:02","modified_gmt":"2018-04-02T04:59:02","slug":"oilex-to-borrow-egp-1-5-bn-from-banks-consortium-including-cib-and-nbe","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/oilex-to-borrow-egp-1-5-bn-from-banks-consortium-including-cib-and-nbe\/","title":{"rendered":"Oilex to borrow EGP 1.5 bn from banks consortium including CIB and NBE"},"content":{"rendered":"

Oil extraction company Oilex has reached an agreement which would see it borrow EGP 1.5 bn from a banking consortium that includes CIB, NBE, and Banque Misr, Al Shorouk reports<\/a>. The company will use the loan to establish an EGP 2 bn industrial complex in Sadat City, which will include a cooking oils factory, and oils refinery, and a storage unit for seeds used to extract oil. Oilex has already signed contracts with international companies to build the complex, according to Chairman Sherif Ziyada.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oil extraction company Oilex has reached an agreement which would see it borrow EGP 1.5 bn from a banking consortium that includes CIB, NBE, and Banque Misr, Al Shorouk reports. The company will use the loan to establish an EGP 2 bn industrial complex in Sadat City, which will include a cooking oils factory, and […]<\/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-629830","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"581a30d2-dcd8-4e17-9a0c-e1b5ec9f44a7","order":"0","is_powered_by":true,"section_story_id":"73622527-6737-4711-9f3e-47b209841fd4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629800],"teaser":"","voice_url":""},"yoast_head":"\nOilex to borrow EGP 1.5 bn from banks consortium including CIB and NBE - 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\/04\/02\/oilex-to-borrow-egp-1-5-bn-from-banks-consortium-including-cib-and-nbe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oilex to borrow EGP 1.5 bn from banks consortium including CIB and NBE\" \/>\n<meta property=\"og:description\" content=\"Oil extraction company Oilex has reached an agreement which would see it borrow EGP 1.5 bn from a banking consortium that includes CIB, NBE, and Banque Misr, Al Shorouk reports. The company will use the loan to establish an EGP 2 bn industrial complex in Sadat City, which will include a cooking oils factory, and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/oilex-to-borrow-egp-1-5-bn-from-banks-consortium-including-cib-and-nbe\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-02T04:59:02+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\/04\/02\/oilex-to-borrow-egp-1-5-bn-from-banks-consortium-including-cib-and-nbe\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/oilex-to-borrow-egp-1-5-bn-from-banks-consortium-including-cib-and-nbe\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Oilex to borrow EGP 1.5 bn from banks consortium including CIB and NBE\",\"datePublished\":\"2018-04-02T04:59:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/oilex-to-borrow-egp-1-5-bn-from-banks-consortium-including-cib-and-nbe\/\"},\"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\/04\/02\/oilex-to-borrow-egp-1-5-bn-from-banks-consortium-including-cib-and-nbe\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/oilex-to-borrow-egp-1-5-bn-from-banks-consortium-including-cib-and-nbe\/\",\"name\":\"Oilex to borrow EGP 1.5 bn from banks consortium including CIB and NBE - 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The company will use the loan to partially finance its construction\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":571563,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/17\/raya-plans-egp-640-mn-securitized-bond-sale-cib-to-manage-offering\/","url_meta":{"origin":629830,"position":1},"title":"Raya plans EGP 640 mn securitized bond sale, CIB to manage offering","author":"enterpriseam admin","date":"17 May 2020","format":false,"excerpt":"DEBT WATCH- Raya plans EGP 640 mn securitized bond sale, CIB to manage offering: Raya Holding is planning a new EGP 640 mn securitized bond issuance to finance its short-term debt and has reportedly hired CIB to manage the offering, Al Shorouk reports, quoting unnamed banking sources. 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NUCA will use capital raised from the issuance to proceed\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":645147,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/telecom-egypt-signs-agreement-to-borrow-egp-13-bn-from-banking-consortium\/","url_meta":{"origin":629830,"position":3},"title":"Telecom Egypt signs agreement to borrow EGP 13 bn from banking consortium","author":"enterpriseam admin","date":"12 July 2017","format":false,"excerpt":"Telecom Egypt (TE) signed an agreement with the National Bank of Egypt to arrange a EGP 13 bn loan from a consortium of banks to upgrade its infrastructure and mobile internet services, Al Mal reports. 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The sum will be disbursed in tranches of EGP 900 mn and USD 80.9\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":567165,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/egpc-borrows-usd-500-mn-from-afrexim-nbe-to-finance-crude-imports\/","url_meta":{"origin":629830,"position":5},"title":"EGPC borrows USD 500 mn from Afrexim, NBE to finance crude imports","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"The Egyptian General Petroleum Corporation (EGPC) will borrow USD 500 mn from the African Export-Import Bank (Afrexim) and the National Bank of Egypt (NBE) to finance imports of crude and petroleum products, banking sources told Al Shorouk. 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