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Sunday, 23 August 2020

Cairo 3A Poultry secures EGP 1.26 bn syndicated loan for expansions

INVESTMENT WATCH- Cairo 3A lands EGP 1.26 bn loan to finance expansions into poultry farms: Cairo 3A Poultry has secured a EGP 1.255 bn syndicated loan from a banking consortium led by Banque Misr to establish and operate 23 poultry farms in Giza, according to a Banque Misr statement. The consortium also includes Banque du Caire and QNB Al Ahli, the statement said, without providing details on the breakdown of the loan.

Advisors: Zaki Hashem and Partners acted as legal counsel to the banks, and Al Tamimi and Company provided legal advice to Cairo 3A.

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