• Thursday, 12 November 2020

    NBE could provide EGP 200 mn credit facility for El Marakby Steel within weeks

    The National Bank of Egypt finalizing talks to provide a EGP 200 mn credit facility to El Marakby Steel, according to Al Mal, citing unnamed sources close to the negotiations. The credit facility would come as a larger EGP 370...
  • Thursday, 15 October 2020

    Who’s in the market for debt? EgyLease + Porto Group

    Financial leasing company EgyLease is in talks for an EGP 200 mn loan from the National Bank of Egypt to expand its portfolio, Chairman Iman Ismail told Al Mal. The company is also negotiating loan agreements with United Bank and...
  • Tuesday, 6 October 2020

    Who’s in the market for debt? Redcon Construction + MSMEDA

    Redcon Construction has signed a EGP 625 mn syndicated loan agreement with the National Bank of Egypt and Qatar National Bank to help finance the construction of several towers in New Alamein, according to Al Mal. The company was originally...
  • Tuesday, 6 October 2020

    National Bank of Egypt seeks CBE approval to launch digital banking services

    The National Bank of Egypt has requested Central Bank of Egypt approval to launch its planned digital bank, which it announced last year, Vice Chairman Yehia Abou El Fotouh told Al Mal. A growing number of Egyptian banks are planning...
  • Sunday, 4 October 2020

    Egypt’s NUCA signs EGP 50 bn syndicated loan agreement

    The New Urban Communities Authority (NUCA) has borrowed EGP 50 bn from a consortium of local banks headed by the National Bank of Egypt and Banque Misr to finance developments in new cities, Al Mal reports, citing sources familiar with...
  • Tuesday, 29 September 2020

    NBE provides Ibn Sina Pharma with a EGP 250 mn short-term credit facility

    The National Bank of Egypt will increase the size of Ibnsina Pharma’s short-term credit facility to EGP 250 mn to fund working capital, according to an EGX filing (pdf).
  • Sunday, 27 September 2020

    Who’s in the market for debt: Faragalla Group, BPI

    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,...
  • Sunday, 27 September 2020

    National Bank of Egypt, Banque Misr chairmen reappointed for three-year terms

    MOVES- National Bank of Egypt and Banque Misr bosses get three more years in office: A statement (pdf) says that Hisham Okasha will remain as NBE’s chairman, while Yehia Aboul Fotouh and Dalia El Baz will also stay on as...
  • Wednesday, 23 September 2020

    Raya mulls listing Aman on EGX in 2021

    IPO WATCH- Raya mulls listing Aman on EGX in 2021: Raya Holding could debut its non-banking financial service business outfit Aman Holding on the EGX in 2021, Raya’s CFO Hossam Hussein told Al Mal, without disclosed the size of the...

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