AAIB Grants EGP950mn Loan in Favor of SODIC

Arab African International Bank (AAIB) finalised signing EGP950 million new finance package for financing project in favor of Sixth of October Development Investment Company (SODIC),

The arranged finance by AAIB estimated at EGP1.9 billion after finalising the arrangement of the first finance package for SODIC West as the mainly arranger and the agent of facilities with the participation of a group of distinctive local banks.

Vice Chairman and Managing Director of AAIB Hassan Abdallah said these agreements reflect the bank’s ability to find financing solutions which comply with the investors’ needs in various economic sectors, stressing the bank’s strategy in expanding and growing locally and regionally.