Al-Futtaim Group signed an agreement for an EGP1.2bn financing with a consortium of four banks including Commercial International Bank (CIB), Arab African international Bank (AAIB), National Bank of Abu Dhabi (NBAD) and Arab Bank. The loan will be used in restructuring existing debts related to shareholders and some local banks. Sources said the company had received individual offers from eight local banks. The loan has a duration of 10 years, according to the sources, adding that raising the funds and signing final contracts with the lenders are scheduled to be done before end of 1Q17. (Al Mal)   CIB: EGP76.02 as of 21 Feb. 2017, Rating: Buy, TP: EGP87.60/share, MCap: USD5,588mn, COMI EY/COMI.CA Natl. Bank of AD (AD): AED10.40 as of 21 Feb. 2017, Rating: Buy, TP: AED10.80/share, MCap: USD14,764mn, NBAD UH/NBAD.AD Arab Bank: JOD6.38 as of 21 Feb. 2017, Rating: Buy, TP: JOD7.20/share, MCap: USD5,758mn, ARBK JR/ARBK.AM