{"id":650504,"date":"2017-03-26T03:56:06","date_gmt":"2017-03-26T03:56:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/emirates-nbd-industrial-development-and-workers-bank-aibk-kick-combined-egp-520-mn-into-syndicated-facility-for-egas\/"},"modified":"2017-03-26T03:56:06","modified_gmt":"2017-03-26T03:56:06","slug":"emirates-nbd-industrial-development-and-workers-bank-aibk-kick-combined-egp-520-mn-into-syndicated-facility-for-egas","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/emirates-nbd-industrial-development-and-workers-bank-aibk-kick-combined-egp-520-mn-into-syndicated-facility-for-egas\/","title":{"rendered":"Emirates NBD, Industrial Development and Workers Bank, AiBK kick combined EGP 520 mn into syndicated facility for EGAS"},"content":{"rendered":"

Emirates NBD, the Industrial Development and Workers Bank of Egypt, and the Arab Investment Bank will provide a combined EGP 520 mn to the Egyptian Natural Gas Holding Company (EGAS), Al Mal<\/a> reports, as part of an EGP 2 bn facility Banque du Caire is arranging<\/a>for EGAS to pay back debts including to international oil companies. Other participating institutions include Al Baraka Bank, Egyptian Gulf Bank, Al Ahli Bank of Kuwait, and the National Bank of Greece Egypt, sources say.<\/p>\n","protected":false},"excerpt":{"rendered":"

Emirates NBD, the Industrial Development and Workers Bank of Egypt, and the Arab Investment Bank will provide a combined EGP 520 mn to the Egyptian Natural Gas Holding Company (EGAS), Al Mal reports, as part of an EGP 2 bn facility Banque du Caire is arrangingfor EGAS to pay back debts including to international oil […]<\/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":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-650504","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"12f807b7-8643-4bf9-82d4-dfe3e723e67d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[650468],"teaser":"","voice_url":""},"yoast_head":"\nEmirates NBD, Industrial Development and Workers Bank, AiBK kick combined EGP 520 mn into syndicated facility for EGAS - 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The five-year loan is arranged by Banque du Caire; EGP 220 mn from was contributed by Emirates NBD,\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627533,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/united-bank-to-contribute-egp-570-mn-to-egas-loan\/","url_meta":{"origin":650504,"position":1},"title":"United Bank to contribute EGP 570 mn to EGAS loan","author":"enterpriseam admin","date":"4 June 2018","format":false,"excerpt":"The United Bank of Egypt is planning to contribute EGP 570 mn to an EGP 3 bn loan arranged by the National Bank of Kuwait (NBK)-Egypt for EGAS, as it looks to connect more homes to the natural gas grid, Chairman Ashraf El Kady said yesterday, according to Al Masry\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":572674,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/palm-hills-seeks-egp-400-mn-following-debt-restructuring-to-develop-the-crown\/","url_meta":{"origin":650504,"position":2},"title":"Palm Hills seeks EGP 400 mn following debt restructuring to develop The Crown","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"Palm Hills Developments is reportedly in talks with seven banks to restructure its EGP 1.24 bn debt and borrow an additional EGP 400 mn to expand its Crown development in Sixth of October, Al Shorouk reports, citing unnamed sources. The banks are said to include Attijariwafa Bank Egypt, Emirates NBD,\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":650504,"position":3},"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. CIB, Arab Bank, AAIB, Attijariwafa Bank subsidiary Wafa Assurance, the United\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":556048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/10\/new-infusions-of-usd-for-state-banking-system\/","url_meta":{"origin":650504,"position":4},"title":"New infusions of USD for state, banking system?","author":"enterpriseam admin","date":"10 October 2021","format":false,"excerpt":"The Madbouly government is looking to raise USD 2 bn through a three-year syndicated facility, according to a Finance Ministry statement on Friday. 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