National Bank of Egypt mulls financing energy and marine sector
National Bank of Egypt’s Vice President Yehia Aboul Fotouh revealed to Al Mal News that his bank is reviewing the possibilities of funding the electricity, petrochemicals and marine services sectors with EGP7 billion. The amount would be split into three directions, the first worth EGP2 billion for a marine services company; also the same amount for a company operating in petrochemicals. The remaining EGP4 billion would be used to finance a company operating in the electricity sector, with a loan period of seven years. (Al Mal News)
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