CIB signs EGP400mn financing agreement with Medical Union Pharma
CIB signed an EGP400mn medium-term financing agreement with Medical Union Pharma (MUP), bringing the company’s total credit facilities to EGP1bn. The financing will be used to consolidate the company’s financial standing and will allow it to boost its investments in the coming phase, as well as set up new facilities. (Al Masry Al Youm, Enterprise)
CIB: EGP74.34 as of 20 Jun. 2019, Rating: Buy, TP: EGP84.60/share, MCap: USD6,508mn, COMI EY/COMI.CA
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