NBE, Banque Misr, CIB reach EGP1.5bn loan agreement with Oilex
A banking consortium has reached an agreement with the International Oil Extraction Co. (Oilex) to provide the company a loan worth EGP1.5bn, to be used to establish a EGP2bn industrial complex in Sadat City over an area of 80,000 sqm. The consortium includes National Bank of Egypt (NBE), Banque Misr and Commercial International Bank (CIB).
CIB: EGP88.42 as of 1 Apr. 2018, Rating: Buy, TP: EGP92.00/share, MCap: USD5,784mn, COMI EY/COMI.CA
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