Back to the complete issue
Tuesday, 14 April 2020

Vitas Egypt in talks with Sanad Fund, unnamed local bank for new loans

Vitas Egypt is in talks with German Development Bank KfW’s Sanad Fund and unnamed local banks for several loans to finance its expansion plans, Managing Director Hossam Heiba tells Al Mal. Vitas is looking to borrow EGP 100 mn from local banks and is still in talks with Sanad over the value of the loan.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.