{"id":633055,"date":"2018-02-26T04:02:24","date_gmt":"2018-02-26T04:02:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/26\/nbe-looks-into-arranging-a-usd-400-mn-loan-for-al-canal-sugar-factory\/"},"modified":"2018-02-26T04:02:24","modified_gmt":"2018-02-26T04:02:24","slug":"nbe-looks-into-arranging-a-usd-400-mn-loan-for-al-canal-sugar-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/26\/nbe-looks-into-arranging-a-usd-400-mn-loan-for-al-canal-sugar-factory\/","title":{"rendered":"NBE looks into arranging a USD 400 mn loan for Al Canal Sugar factory"},"content":{"rendered":"

The National Bank of Egypt is studying arranging a USD 400 mn loan to finance the establishment of the Saudi Al Ghurair Group\u2019s USD 1 bn Al Canal sugar beet processing factory<\/a> in Minya, unnamed banking sources tell Al Shorouk<\/a>. First Abu Dhabi Bank, the Arab African International Bank, Qatar National Bank, CIB, and Union National Bank are expected to participate in the syndicated loan. Ghurair\u2019s Al Khaleej Sugar Refinery is expected to contribute USD 333 mn of the total cost for the plant, which is expected to begin production in 2020 and produce an annual 900k tonnes of sugar by 2021, once it\u2019s fully operational. Investment Minister Sahar Nasr had previously said the project should help Egypt achieve self-sufficiency in sugar production.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Bank of Egypt is studying arranging a USD 400 mn loan to finance the establishment of the Saudi Al Ghurair Group\u2019s USD 1 bn Al Canal sugar beet processing factory in Minya, unnamed banking sources tell Al Shorouk. First Abu Dhabi Bank, the Arab African International Bank, Qatar National Bank, CIB, and Union […]<\/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":[9309],"tags":[2416,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-633055","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"90c47d1f-18e6-4849-baa4-0e123d4037c3","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"NBE looks into arranging a USD 400 mn loan for Al Canal Sugar factory","related_issue":[633026],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.f8198e48-b5ad-4bc6-b6c6-055536d7cca4.mp3"},"yoast_head":"\nNBE looks into arranging a USD 400 mn loan for Al Canal Sugar factory - 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\/02\/26\/nbe-looks-into-arranging-a-usd-400-mn-loan-for-al-canal-sugar-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE looks into arranging a USD 400 mn loan for Al Canal Sugar factory\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt is studying arranging a USD 400 mn loan to finance the establishment of the Saudi Al Ghurair Group\u2019s USD 1 bn Al Canal sugar beet processing factory in Minya, unnamed banking sources tell Al Shorouk. 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The facility\u2019s production will cover\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601810,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/11\/al-canal-sugar-signs-egp-1-2-bn-usd-100-mn-bridge-loan-deal\/","url_meta":{"origin":633055,"position":2},"title":"Al Canal Sugar signs EGP 1.2 bn, USD 100 mn bridge loan deal","author":"enterpriseam admin","date":"11 March 2019","format":false,"excerpt":"Eastern Sugar Company has lined up bridge financing of EGP 1.2 bn and a further USD 100 mn for its El Minya factory,the company said in a statement (pdf). 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