September 20, 2021

Banque Misr to receive $1B in largest-ever syndicated loan


ArabFinance: Banque Misr is set to receive its largest-ever syndicated loan worth $1 billion, CNBC Arabia reported.

The bank has already received a large turnout from lenders who are willing to provide the financing.

The loan will be allocated to pay off $550 million that the bank had borrowed back in 2018 from foreign lenders to improve USD liquidity.

The lending institutions were not identified, but Al Ahli Bank of Kuwait Egypt, Emirates NBD, First Abu Dhabi Bank, and Standard Chartered are among the arrangers for the syndicated loan.

arabfinance


Categories : banking

Finance & Economy

Patient Safety Movement Foundation Welcomes New Leadership

2021-10-24 10:10:00
-- The Patient Safety Movement Foundation (PSMF), a global non-profit committed to achieving zero preventable patient harm and death across the globe by 2030, today announced Michael A.E. Ramsay, MD, FRCA as its new chief executive officer. Following his appointment, Mike Durkin, OBE, MBBS, FRCA, FRCP, DSc will assume Ramsay’s previous role as chairman.......
Read More
IMF expert panel: Improved policy framew...
October 24, 2021
Reynaers shines with Ajdan Rise
October 24, 2021

Latest News



banking

Agricultural Bank of Egypt eyes reaching...
October 24, 2021
Agricultural Bank of Egypt injects EGP 1...
October 17, 2021
Mashreq Bank signs partnership with Visa...
October 17, 2021