{"id":648142,"date":"2017-05-29T03:47:35","date_gmt":"2017-05-29T03:47:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/egyptian-steel-negotiating-for-egp-4-bn-facility-with-banking-consortium\/"},"modified":"2017-05-29T03:47:35","modified_gmt":"2017-05-29T03:47:35","slug":"egyptian-steel-negotiating-for-egp-4-bn-facility-with-banking-consortium","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/egyptian-steel-negotiating-for-egp-4-bn-facility-with-banking-consortium\/","title":{"rendered":"Egyptian Steel negotiating for EGP 4 bn facility with banking consortium"},"content":{"rendered":"<p>Ahmed Abou Hashima\u2019s Egyptian Steel is in talks with a banking consortium to provide it with EGP 4 bn to finance the construction of its EGP 5.9 bn construction material complex in Sohag, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=335390\">Al Mal<\/a> reports. The consortium reportedly includes the National Bank of Egypt, Banque Misr, CIB, and the Arab African International Bank, an unnamed source says. The funding facility is said to have a 10-year maturity and will come with a two-year grace period. The complex is slated for completion within two years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ahmed Abou Hashima\u2019s Egyptian Steel is in talks with a banking consortium to provide it with EGP 4 bn to finance the construction of its EGP 5.9 bn construction material complex in Sohag, Al Mal reports. The consortium reportedly includes the National Bank of Egypt, Banque Misr, CIB, and the Arab African International Bank, an [&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-648142","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"da1f7ced-d93b-48d5-b942-0ceb05f1b60c","order":"0","is_powered_by":true,"section_story_id":"af199c35-c0e8-4c22-a5f2-fff74f990c2e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648108],"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>Egyptian Steel negotiating for EGP 4 bn facility with banking consortium - 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\/05\/29\/egyptian-steel-negotiating-for-egp-4-bn-facility-with-banking-consortium\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian Steel negotiating for EGP 4 bn facility with banking consortium\" \/>\n<meta property=\"og:description\" content=\"Ahmed Abou Hashima\u2019s Egyptian Steel is in talks with a banking consortium to provide it with EGP 4 bn to finance the construction of its EGP 5.9 bn construction material complex in Sohag, Al Mal reports. The consortium reportedly includes the National Bank of Egypt, Banque Misr, CIB, and the Arab African International Bank, an [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/egyptian-steel-negotiating-for-egp-4-bn-facility-with-banking-consortium\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-29T03:47:35+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\/2017\/05\/29\/egyptian-steel-negotiating-for-egp-4-bn-facility-with-banking-consortium\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/egyptian-steel-negotiating-for-egp-4-bn-facility-with-banking-consortium\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian Steel negotiating for EGP 4 bn facility with banking consortium\",\"datePublished\":\"2017-05-29T03:47:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/egyptian-steel-negotiating-for-egp-4-bn-facility-with-banking-consortium\/\"},\"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\/2017\/05\/29\/egyptian-steel-negotiating-for-egp-4-bn-facility-with-banking-consortium\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/egyptian-steel-negotiating-for-egp-4-bn-facility-with-banking-consortium\/\",\"name\":\"Egyptian Steel negotiating for EGP 4 bn facility with banking consortium - 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The company will use the loan to partially finance its construction\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":638815,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/15\/banque-du-caire-and-the-export-development-bank-join-electricity-loan-consortium\/","url_meta":{"origin":648142,"position":1},"title":"Banque du Caire and The Export Development Bank join electricity loan consortium","author":"enterpriseam admin","date":"15 October 2017","format":false,"excerpt":"Banque du Caire will contribute EGP 3 bn and the Export Development Bank a further EGP 1 bn to an EGP 37.4 bn syndicated facility to the Egyptian Electricity Transmission Company, reports AMAY. EGP 18 bn of the loan is committed to upgrading transmission lines in the grid with the\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":651882,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/al-futtaim-chooses-banking-consortium-for-egp-1-2-bn-facility\/","url_meta":{"origin":648142,"position":2},"title":"Al-Futtaim chooses banking consortium for EGP 1.2 bn facility","author":"enterpriseam admin","date":"22 February 2017","format":false,"excerpt":"Al-Futtaim Group Real Estate tapped four banks for a EGP 1.2 bn syndicated loan to be used for debt restructuring, sources tell Al Mal. CIB, the Arab African International Bank, the National Bank of Abu Dhabi, and the Arab Bank form the consortium. EFG Hermes was Al-Futtaim\u2019s financial advisor. The\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":603428,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/","url_meta":{"origin":648142,"position":3},"title":"NUCA agrees with Egyptian banks on EGP 6 bn loan","author":"enterpriseam admin","date":"22 April 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has agreed with a banking consortium on a EGP 6 bn loan to meet \u201curgent\u201d financial needs, banking officials told Al Shorouk. The consortium includes the National Bank of Egypt, CIB, the Arab African International Bank, and the Housing & Development Bank. 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