{"id":650333,"date":"2017-03-21T03:59:30","date_gmt":"2017-03-21T03:59:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/banque-misr-to-receive-usd-50-mn-sharia-compliant-facility-from-gcc-lenders\/"},"modified":"2017-03-21T03:59:30","modified_gmt":"2017-03-21T03:59:30","slug":"banque-misr-to-receive-usd-50-mn-sharia-compliant-facility-from-gcc-lenders","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/banque-misr-to-receive-usd-50-mn-sharia-compliant-facility-from-gcc-lenders\/","title":{"rendered":"Banque Misr to receive USD 50 mn Sharia-compliant facility from GCC lenders"},"content":{"rendered":"

Banque Misr reached an agreement with the Abu Dhabi Islamic Bank (ADIB) to arrange a USD 50 mn syndicated loan from a number of GCC lenders, Banque Misr\u2019s Vice Chairman Akef El Maghraby told Al Borsa<\/a>. Banque Misr was initially seeking USD 150 mn<\/a>, but settled on a third of that amount following negotiations with ADIB.<\/p>\n","protected":false},"excerpt":{"rendered":"

Banque Misr reached an agreement with the Abu Dhabi Islamic Bank (ADIB) to arrange a USD 50 mn syndicated loan from a number of GCC lenders, Banque Misr\u2019s Vice Chairman Akef El Maghraby told Al Borsa. Banque Misr was initially seeking USD 150 mn, but settled on a third of that amount following negotiations with […]<\/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-650333","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b532c6d7-7f7d-4bb6-b4b3-ef73141213d9","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[650296],"teaser":"","voice_url":""},"yoast_head":"\nBanque Misr to receive USD 50 mn Sharia-compliant facility from GCC lenders - 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\/03\/21\/banque-misr-to-receive-usd-50-mn-sharia-compliant-facility-from-gcc-lenders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr to receive USD 50 mn Sharia-compliant facility from GCC lenders\" \/>\n<meta property=\"og:description\" content=\"Banque Misr reached an agreement with the Abu Dhabi Islamic Bank (ADIB) to arrange a USD 50 mn syndicated loan from a number of GCC lenders, Banque Misr\u2019s Vice Chairman Akef El Maghraby told Al Borsa. Banque Misr was initially seeking USD 150 mn, but settled on a third of that amount following negotiations with […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/banque-misr-to-receive-usd-50-mn-sharia-compliant-facility-from-gcc-lenders\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-21T03:59:30+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\/03\/21\/banque-misr-to-receive-usd-50-mn-sharia-compliant-facility-from-gcc-lenders\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/banque-misr-to-receive-usd-50-mn-sharia-compliant-facility-from-gcc-lenders\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Banque Misr to receive USD 50 mn Sharia-compliant facility from GCC lenders\",\"datePublished\":\"2017-03-21T03:59:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/banque-misr-to-receive-usd-50-mn-sharia-compliant-facility-from-gcc-lenders\/\"},\"wordCount\":66,\"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\/03\/21\/banque-misr-to-receive-usd-50-mn-sharia-compliant-facility-from-gcc-lenders\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/21\/banque-misr-to-receive-usd-50-mn-sharia-compliant-facility-from-gcc-lenders\/\",\"name\":\"Banque Misr to receive USD 50 mn Sharia-compliant facility from GCC lenders - 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We had earlier reported that Banque Misr was looking to bring in USD 1.5 bn in funding to finance projects requiring foreign currencies.","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":628595,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/08\/banque-misr-taps-international-bank-to-manage-usd-500-mn-loan\/","url_meta":{"origin":650333,"position":1},"title":"Banque Misr taps international bank to manage USD 500 mn loan","author":"enterpriseam admin","date":"8 May 2018","format":false,"excerpt":"Banque Misr has hired an international bank to manage a USD 500 mn loan it\u2019s looking to secure from international lenders by 3Q2018, Chairman Mohamed El Etreby tells Bloomberg, without disclosing the name of the bank. The loan would be directed towards Banque Misr\u2019s planned expansions, according to El Etreby.\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":642735,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/banque-misr-in-negotiations-for-loan\/","url_meta":{"origin":650333,"position":2},"title":"Banque Misr in negotiations for loan","author":"enterpriseam admin","date":"21 August 2017","format":false,"excerpt":"Banque Misr has entered into talks with international lenders for a USD 500-700 mn facility, according to Al Borsa. The bank had previously stated it was interested sourcing liquidity from foreign sources.","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":593781,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/banque-misr-mulls-usd-300-mn-loan-to-dp-world-for-ain-sokhna-port-expansion\/","url_meta":{"origin":650333,"position":3},"title":"Banque Misr mulls USD 300 mn loan to DP World for Ain Sokhna port expansion","author":"enterpriseam admin","date":"9 October 2019","format":false,"excerpt":"Banque Misr could extend a seven-year, USD 300 mn loan to the UAE\u2019s DP World to part-fund the expansion of its Ain Sokhna port, an official source told Masrawy. The bank has invited other banks to join in on the loan, including the National Bank of Egypt, Banque du Caire,\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":557459,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/","url_meta":{"origin":650333,"position":4},"title":"Banque Misr borrows USD 1 bn from int'l syndicate","author":"enterpriseam admin","date":"20 September 2021","format":false,"excerpt":"Banque Misr has obtained a syndicated loan worth about USD 1 bn,the bank announced in a statement (pdf). The three-year loan will be used to refinance existing debts and expand its loan portfolio, it said. Sources told CNBC Arabia last month that the bank will use the proceeds to pay\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\/9\/268.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599066,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/banque-misr-to-provide-letters-of-guarantee-worth-usd-162-mn-for-orascom-construction-and-arab-contractors\/","url_meta":{"origin":650333,"position":5},"title":"Banque Misr to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors","author":"enterpriseam admin","date":"17 June 2019","format":false,"excerpt":"Banque Misr is set to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors for the water treatment plant project in Bahr Al Baqar, banking officials told Al Shorouk. 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