A banking consortium of five local banks will sign contracts to secure a loan worth EGP4 billion in favor of the Egyptian Electricity Transmission Company (EETC) to develop networks to accommodate the newly added capacities. Egypt’s Minister of electricity Mohamed Shaker announced earlier that 6,882 MW have been added to the national grid during 2015 at a cost of EGP38 billion. Sources said that the banking consortium including National Bank of Egypt (NBE), Banque Misr, Banque du Caire, the Arab African International Bank and QNB Alahli has recently received a letter from the company to secure EGP4 billion to provide the local component of its projects. The duration of the loan is 15 years, including a grace period of three years, according to an official at EETC. Five other banks expressed wish to seize a share in the new loan, according to sources. Abu Dhabi Islamic Bank Egypt (ADIB Egypt), Al Baraka Bank Egypt and Industrial Development & Workers Bank of Egypt (IDWBE) act as the main arranger of the financing. (Al Mal)   Qatar National Bank: QAR141.00 as of 20 March 2016, Rating: Buy, FV: QAR162.98 per share, MCap: USD32,526 million, QNBK QD / QNBK.QA Abu Dhabi Islamic Bank - Egypt: EGP4.12 as of 20 March 2016, Rating: Buy, FV: EGP5.20 per share, MCap: USD93 million, ADIB EY / ADIB.CA Al Baraka Bank Egypt: EGP9.25 as of 20 March 2016, Rating: Buy, FV: EGP12.43 per share, MCap: USD143 million, SAUD EY / SAUD.CA