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Ahram , Egypt.
10/2/2010 12:00:00 AM
1.1 Billion EGP a loan from 7 banks to finance a cement project.
7 banks signed a loan with an amount of 1.1 Billion EGP for ANCC to finance partially the establishment and installation of cement line in Menya with a production capacity of 1 Million 650 Tons of clinker and with a total cost of 844 million EGP. The agreement has been signed on Thursday during a press conference, As Arab African international bank was Mandated Lead Arranger, Facility & Security Agent, other banks have participated in the loan: Cairo Bank, Faisal Bank, Audi Bank, Alex Bank, United Bank and National Bank of Greece.
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