{"id":631183,"date":"2018-03-12T04:06:06","date_gmt":"2018-03-12T04:06:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/"},"modified":"2018-03-12T04:06:06","modified_gmt":"2018-03-12T04:06:06","slug":"samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/","title":{"rendered":"Samcrete in talks with local banks for EGP 2.5 bn credit facility"},"content":{"rendered":"

Real estate developer Samcrete is in talks with local banks for a EGP 2.5 bn credit facility to finance the contracting projects it has undertaken, an unnamed company source tells Al Mal<\/a>. Samcrete is primarily negotiating with the National Bank of Egypt but is also in talks with other banks, according to the source.<\/p>\n","protected":false},"excerpt":{"rendered":"

Real estate developer Samcrete is in talks with local banks for a EGP 2.5 bn credit facility to finance the contracting projects it has undertaken, an unnamed company source tells Al Mal. Samcrete is primarily negotiating with the National Bank of Egypt but is also in talks with other banks, according to the source.<\/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-631183","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"6524e02a-29c1-42db-980d-a0ef22d53c40","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Samcrete in talks with local banks for EGP 2.5 bn credit facility","related_issue":[631152],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.e6a50e10-46fe-42c2-8974-f75748e452f1.mp3"},"yoast_head":"\nSamcrete in talks with local banks for EGP 2.5 bn 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\/2018\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samcrete in talks with local banks for EGP 2.5 bn credit facility\" \/>\n<meta property=\"og:description\" content=\"Real estate developer Samcrete is in talks with local banks for a EGP 2.5 bn credit facility to finance the contracting projects it has undertaken, an unnamed company source tells Al Mal. Samcrete is primarily negotiating with the National Bank of Egypt but is also in talks with other banks, according to the source.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-12T04:06:06+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\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Samcrete in talks with local banks for EGP 2.5 bn credit facility\",\"datePublished\":\"2018-03-12T04:06:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/\"},\"wordCount\":64,\"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\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/12\/samcrete-in-talks-with-local-banks-for-egp-2-5-bn-credit-facility\/\",\"name\":\"Samcrete in talks with local banks for EGP 2.5 bn credit facility - 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The company is in talks with one state-owned and one private bank for a three- to five-year\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":595749,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/six-egyptian-banks-begin-disbursing-egp-3-1-bn-loan-to-samcrete\/","url_meta":{"origin":631183,"position":1},"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 "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":624889,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/samcrete-asks-nbe-for-bigger-credit-facility-to-finance-growing-projects\/","url_meta":{"origin":631183,"position":2},"title":"Samcrete asks NBE for bigger credit facility to finance growing projects","author":"enterpriseam admin","date":"20 September 2018","format":false,"excerpt":"Samcrete Egypt Engineers and Contractors has asked to increase the size of a credit facility it\u2019s negotiating with National Bank of Egypt (NBE) to nearly EGP 3.2 bn to finance the growing number of projects it\u2019s handling, Al Mal reported. The company\u2019s negotiations with NBE had begun in March over\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":571657,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/al-ezz-dekheila-steel-in-talks-with-local-banks-for-egp-3-bn-loan-to-finance-working-capital\/","url_meta":{"origin":631183,"position":3},"title":"Al Ezz Dekheila Steel in talks with local banks for EGP 3 bn loan to finance working capital","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"Al Ezz Dekheila Steel is in talks with local banks for an EGP 3 bn facility to finance working capital, Al Shorouk reports, quoting unnamed banking sources; the facility would reportedly include a USD 100 mn foreign currency tranche.","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":562360,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/20\/oc-samcrete-and-arab-contractors-in-talks-for-egp-7-5-bn-railway-renovations\/","url_meta":{"origin":631183,"position":4},"title":"OC, Samcrete, and Arab Contractors in talks for EGP 7.5 bn railway renovations","author":"enterpriseam admin","date":"20 May 2021","format":false,"excerpt":"The Transport Ministry is in talks with Orascom Construction, Samcrete and the Arab Contractors to overhaul and upgrade some 820 km of rail lines, a project that will cost around EGP 7.5 bn to complete, the local press reported, citing unnamed sources. 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