Banque Misr co-arranges $34.2 million financing for Mediterranean Textile Company

Banque Misr, one of Egypt’s biggest state banks, has taken part in arranging a $34.2 million financing for the Mediterranean Textile Company (MEDTEX), the bank said on Wednesday.

The financing was secured to restructure credit facilities in favour of MEDTEX to help the company grow steadily, Banque Misr said in a statement.