{"id":645148,"date":"2017-07-12T04:16:52","date_gmt":"2017-07-12T04:16:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/arabian-cement-borrows-egp-231-mn-from-national-bank-of-egypt\/"},"modified":"2017-07-12T04:16:52","modified_gmt":"2017-07-12T04:16:52","slug":"arabian-cement-borrows-egp-231-mn-from-national-bank-of-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/arabian-cement-borrows-egp-231-mn-from-national-bank-of-egypt\/","title":{"rendered":"Arabian Cement borrows EGP 231 mn from National Bank of Egypt"},"content":{"rendered":"

Arabian Cement Company signed a seven-year EGP 231 mn loan agreement with the National Bank of Egypt on Tuesday, according to an EGX filing<\/a>. The loan will be used to finance the purchase of a new coal mill. It will also be used to finance a mechanical, energy-saving bucket elevator and to establish a new system for feeding cement mills that will improve output quality.<\/p>\n","protected":false},"excerpt":{"rendered":"

Arabian Cement Company signed a seven-year EGP 231 mn loan agreement with the National Bank of Egypt on Tuesday, according to an EGX filing. The loan will be used to finance the purchase of a new coal mill. It will also be used to finance a mechanical, energy-saving bucket elevator and to establish a new […]<\/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-645148","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"57006219-8849-4c89-a7bc-0c9112ddd6e2","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645111],"teaser":"","voice_url":""},"yoast_head":"\nArabian Cement borrows EGP 231 mn from National Bank of Egypt - 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\/07\/12\/arabian-cement-borrows-egp-231-mn-from-national-bank-of-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arabian Cement borrows EGP 231 mn from National Bank of Egypt\" \/>\n<meta property=\"og:description\" content=\"Arabian Cement Company signed a seven-year EGP 231 mn loan agreement with the National Bank of Egypt on Tuesday, according to an EGX filing. The loan will be used to finance the purchase of a new coal mill. 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The company will now repay the loan over 15 quarterly installments of USD 2 mn at an interest rate of LIBOR+5%. 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The facility will give ACC more room\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":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":645148,"position":2},"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 "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":596651,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/kharafi-national-signs-egp-750-mn-syndicated-loan-with-four-egyptian-banks\/","url_meta":{"origin":645148,"position":3},"title":"Kharafi National signs EGP 750 mn syndicated loan with four Egyptian banks","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"Pan-Arabian infrastructure contractor Kharafi National has signed a syndicated loan agreement with four local banks led by SAIB Bank to arrange a EGP 750 mn facility, the bank said, according to a local press report. The consortium also includes the Export Development Bank Of Egypt, the Industrial Development Bank, and\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":645974,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/01\/nbe-to-arrange-egp-1-6-bn-loan-for-elsewedy-cement\/","url_meta":{"origin":645148,"position":4},"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. NBE and QNB had previously provided Elsewedy Cement with a EGP 650\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":574929,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/27\/whos-in-the-market-for-debt-faragalla-group-bpi\/","url_meta":{"origin":645148,"position":5},"title":"Who\u2019s in the market for debt: Faragalla Group, BPI","author":"enterpriseam admin","date":"27 September 2020","format":false,"excerpt":"Faragalla Group is reportedly in the market for an EGP 2.05 bn syndicated facility being led by the National Bank of Egypt; the company will use the proceeds to finance working capital and restructure existing debts, Al Mal reports. 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