{"id":641583,"date":"2017-09-26T03:57:17","date_gmt":"2017-09-26T03:57:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/26\/alexandria-portland-cement-approves-egp-200-mn-loan\/"},"modified":"2017-09-26T03:57:17","modified_gmt":"2017-09-26T03:57:17","slug":"alexandria-portland-cement-approves-egp-200-mn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/26\/alexandria-portland-cement-approves-egp-200-mn-loan\/","title":{"rendered":"Alexandria Portland Cement approves EGP 200 mn loan"},"content":{"rendered":"<p>Alexandria Portland Cement\u2019s board approved a EGP 200 mn revolving loan facility from HSBC to finance working capital, capex, and \u201cgeneral purposes,\u201d according to <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%A8%D9%88%D8%B1%D8%AA%D9%84%D8%A7%D9%86%D8%AF%20-%20%D9%85%D8%AD%D8%B6%D8%B1%20%D9%85%D8%AC%D9%84%D8%B3%20%D8%A5%D8%AF%D8%A7%D8%B1%D8%A9%2021-09-2017%20%D8%BA%D9%8A%D8%B1%20%D9%85%D9%88%D8%AB%D9%82.pdf\">an EGX disclosure<\/a>. The loan carries a tenor of 33 months and an aggregate interest rate of the CBE lending rate plus a 3% margin. Alexandria Portland Cement is part of the Titan Cement Company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alexandria Portland Cement\u2019s board approved a EGP 200 mn revolving loan facility from HSBC to finance working capital, capex, and \u201cgeneral purposes,\u201d according to an EGX disclosure. The loan carries a tenor of 33 months and an aggregate interest rate of the CBE lending rate plus a 3% margin. Alexandria Portland Cement is part of [&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-641583","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"2f5565f6-ffc0-4702-93e8-0f4a86676adf","order":"0","is_powered_by":true,"section_story_id":"ed090065-6ceb-4555-a19f-51cc363c21ef","story_type":"1","photo_url":"","photo_position":"above","related_issue":[641543],"teaser":"","voice_url":""},"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>Alexandria Portland Cement approves EGP 200 mn 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\/2017\/09\/26\/alexandria-portland-cement-approves-egp-200-mn-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alexandria Portland Cement approves EGP 200 mn loan\" \/>\n<meta property=\"og:description\" content=\"Alexandria Portland Cement\u2019s board approved a EGP 200 mn revolving loan facility from HSBC to finance working capital, capex, and \u201cgeneral purposes,\u201d according to an EGX disclosure. 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The medium-term loan agreement extends over a period of five years. The funds will be used to boost Titan Group subsidiaries\u2019\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":652667,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/16\/el-sewedy-cement-in-talks-for-egp-5-bn-in-loans\/","url_meta":{"origin":641583,"position":1},"title":"El Sewedy Cement in talks for EGP 5 bn in loans","author":"enterpriseam admin","date":"16 January 2017","format":false,"excerpt":"El Sewedy Cement is in talks with a banking consortium for an EGP 4 bn loan to finance expansions in Portland cement manufacturing, unnamed sources told Al Mal. The consortium includes NBE, Banque Misr, Qatar National Bank, and the Arab African International Bank. The loan will be paid back over\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":570809,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/15\/fra-approves-alexandria-developments-purchase-of-1-28-of-alexandria-portland-cement\/","url_meta":{"origin":641583,"position":2},"title":"FRA approves Alexandria Development\u2019s purchase of 1.28% of Alexandria Portland Cement","author":"enterpriseam admin","date":"15 April 2020","format":false,"excerpt":"M&A WATCH- Market regulator accepts Alexandria Development\u2019s MTO for 1.28% of Alexandria Portland Cement: The Financial Regulatory Authority (FRA) has approved Alexandria Development\u2019s offer to purchase 1.28% or 5.84 mn shares of Alexandria Portland Cement at EGP 6 apiece, according to an EGX disclosure (pdf). An MTO long in the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593332,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/25\/titan-cement-to-acquire-ifc-stakes-in-egypt-southeast-europe-businesses\/","url_meta":{"origin":641583,"position":3},"title":"Titan Cement to acquire IFC stakes in Egypt, Southeast Europe businesses","author":"enterpriseam admin","date":"25 November 2019","format":false,"excerpt":"M&A WATCH- Titan Cement to acquire IFC minority stakes in Southeast Egypt, Europe businesses for EUR 81.8 mn: Cement producer Titan Group has agreed to acquire the International Finance Corporation\u2019s (IFC) minority stakes in all of Titan\u2019s subsidiaries in Egypt and Southeast Europe in a EUR 81.8 mn transaction, according\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650124,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/el-sewedy-cement-receives-egp-650-mn-from-nbe-qnb-for-cement-license\/","url_meta":{"origin":641583,"position":4},"title":"El Sewedy Cement receives EGP 650 mn from NBE, QNB for cement license","author":"enterpriseam admin","date":"16 March 2017","format":false,"excerpt":"The National Bank of Egypt and Qatar National Bank provided a EGP 650 mn bridge loan to Elsewedy Cement to finance its new factory, sources tell Al Mal. A EUR 14 mn tranche of the loan will be provided in foreign currency. The loan is meant to hold them over\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":645974,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/01\/nbe-to-arrange-egp-1-6-bn-loan-for-elsewedy-cement\/","url_meta":{"origin":641583,"position":5},"title":"NBE to arrange EGP 1.6 bn loan for Elsewedy Cement","author":"enterpriseam admin","date":"1 June 2017","format":false,"excerpt":"The National Bank of Egypt (NBE) is arranging a EGP 1.6 bn loan for Elsewedy Cement to finance a new factory in Ain Sokhna, Al Borsa reports. NBE, QNB Alahli Bank, and Banque Misr will provide the loan. 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