EALB Participates in Arranging EGP6bn Finance for Leading Fertilizer Plant

Senior sources informed Amwal Al Ghad that the Egyptian Arab Land bank (EALB) participated in arranging finance with EGP6 billion in order to set up the largest plant for fertilizers production in Egypt in cooperation with the sovereigns.

The sources added that EALB is planning to call a numbers of banks in the Egyptian market at the top the National Bank of Egypt, Commercial International Bank for participating in the finance in the light of the boost of finance volume which worth EGP6 billion.

The sources asserted that the finance reached EGP6 billion, expecting that the project will be offered on Union of Arab Banks within the current February.

The sources expected that the project will receive a great demand from the banks operating in the Egyptian market.