{"id":651882,"date":"2017-02-22T04:06:03","date_gmt":"2017-02-22T04:06:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/al-futtaim-chooses-banking-consortium-for-egp-1-2-bn-facility\/"},"modified":"2017-02-22T04:06:03","modified_gmt":"2017-02-22T04:06:03","slug":"al-futtaim-chooses-banking-consortium-for-egp-1-2-bn-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/22\/al-futtaim-chooses-banking-consortium-for-egp-1-2-bn-facility\/","title":{"rendered":"Al-Futtaim chooses banking consortium for EGP 1.2 bn facility"},"content":{"rendered":"

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<\/a>. 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 loan will be repaid over 10 years, and final contracts will be signed and liquidity provided before the end of 1Q17, sources said.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 loan will be repaid over […]<\/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-651882","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"529ed331-22e2-4c74-99a2-4c3c906c0bfa","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[651836],"teaser":"","voice_url":""},"yoast_head":"\nAl-Futtaim chooses banking consortium for EGP 1.2 bn facility - 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\/02\/22\/al-futtaim-chooses-banking-consortium-for-egp-1-2-bn-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al-Futtaim chooses banking consortium for EGP 1.2 bn facility\" \/>\n<meta property=\"og:description\" content=\"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. 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The loan\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":593389,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/26\/evergrow-in-talks-with-egyptian-banks-to-restructure-egp-8-bn-in-loans-facilities\/","url_meta":{"origin":651882,"position":4},"title":"Evergrow in talks with Egyptian banks to restructure EGP 8 bn in loans, facilities","author":"enterpriseam admin","date":"26 November 2019","format":false,"excerpt":"Evergrow Specialty Fertilizers is in talks with a local banking consortium to restructure EGP 8 bn in loans and credit facilities, and is looking to get better terms and a lower interest margin on the loans, unnamed sources tell Al Mal. The consortium includes the National Bank of Egypt, Banque\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":634169,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/","url_meta":{"origin":651882,"position":5},"title":"EGPC subsidiaries seeking EGP 10 bn loan","author":"enterpriseam admin","date":"8 January 2018","format":false,"excerpt":"Misr Petroleum Company and Co-operation Petroleum Company are in talks with a local banking consortium to secure a EGP 10 bn loan, undisclosed sources told Al Mal. 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