{"id":648193,"date":"2017-05-30T03:59:08","date_gmt":"2017-05-30T03:59:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/kima-pays-back-egp-300-mn-to-italys-tecnimont\/"},"modified":"2017-05-30T03:59:08","modified_gmt":"2017-05-30T03:59:08","slug":"kima-pays-back-egp-300-mn-to-italys-tecnimont","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/kima-pays-back-egp-300-mn-to-italys-tecnimont\/","title":{"rendered":"KIMA pays back EGP 300 mn to Italy\u2019s Tecnimont"},"content":{"rendered":"

The Egyptian Chemical Industries company (KIMA) paid EGP 300 mn of its outstanding arrears to Italy\u2019s Tecnimont rehabilitating KIMA\u2019s factories, Al Borsa reports<\/a>. KIMA paid back a total of EGP 2.6 bn, said director of investor relations Maher Al Abd. Another payment of EGP 200 mn is expected to be made by end of FY16-17.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian Chemical Industries company (KIMA) paid EGP 300 mn of its outstanding arrears to Italy\u2019s Tecnimont rehabilitating KIMA\u2019s factories, Al Borsa reports. KIMA paid back a total of EGP 2.6 bn, said director of investor relations Maher Al Abd. Another payment of EGP 200 mn is expected to be made by end of FY16-17.<\/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":[7255],"tags":[72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648193","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"eec92fea-d13c-4346-a86e-afd4b93e3aca","order":"0","is_powered_by":true,"section_story_id":"536fc093-e2a4-49ae-8c2d-ac45c4409a5a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648161],"teaser":"","voice_url":""},"yoast_head":"\nKIMA pays back EGP 300 mn to Italy\u2019s Tecnimont - 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\/30\/kima-pays-back-egp-300-mn-to-italys-tecnimont\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KIMA pays back EGP 300 mn to Italy\u2019s Tecnimont\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Chemical Industries company (KIMA) paid EGP 300 mn of its outstanding arrears to Italy\u2019s Tecnimont rehabilitating KIMA\u2019s factories, Al Borsa reports. KIMA paid back a total of EGP 2.6 bn, said director of investor relations Maher Al Abd. 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The project cost EGP 11.6 bn, with 62% of\u2026","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575431,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/your-top-infrastructure-stories-7\/","url_meta":{"origin":648193,"position":1},"title":"Your top infrastructure stories","author":"enterpriseam admin","date":"14 October 2020","format":false,"excerpt":"Your top infrastructure stories for the week include: The Egyptian Chemical Industries (Kima) and Italian Tecnimont have agreed to sign a settlement agreement which would see Tecnimont compensated for losses it suffered from the EGP devaluation during work on the KIMA 2 project, according to the local press.The Suez Canal\u2026","rel":"","context":"In \"devaluation\"","block_context":{"text":"devaluation","link":"https:\/\/enterpriseam.com\/egypt\/tag\/devaluation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588184,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/07\/evolve-azimut-gold-fund-sees-strong-investor-demand-plus-dhl-maire-tecnimont-x-kima\/","url_meta":{"origin":648193,"position":2},"title":"Evolve-Azimut gold fund sees strong investor demand. PLUS: DHL, Maire Tecnimont x Kima,","author":"enterpriseam admin","date":"7 June 2023","format":false,"excerpt":"The fund was more than 15x oversubscribed, raising EGP 153 mn","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/340.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563052,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/16\/shocking-nobody-kima-needs-to-restructure-its-debts\/","url_meta":{"origin":648193,"position":3},"title":"Shocking nobody, Kima needs to restructure its debts","author":"enterpriseam admin","date":"16 June 2021","format":false,"excerpt":"The Egyptian Chemical Industries (Kima) is in talks with a syndicate of six local banks to restructure EGP 6.8 bn in outstanding debt, the state-owned company said in a regulatory filing (pdf) on Monday. Kima did not name the banks involved in the transaction, which it says has been approved\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/219.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550172,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/state-settles-disputes-with-international-firms-amid-efforts-to-attract-more-fdi\/","url_meta":{"origin":648193,"position":4},"title":"State settles disputes with international firms amid efforts to attract more FDI","author":"enterpriseam admin","date":"17 October 2022","format":false,"excerpt":"Gov\u2019t puts several int\u2019l disputes to bed: The state has settled disputes with international companies including Dutch Future Pipe and Italy\u2019s Maire Tecnimont, as it looks to improve the investment environment and attract more foreign inflows, according to a cabinet statement. 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