Libra Capital signs EGP 200 million loan with AAIB

By Amwal Al Ghad English On Mar 10, 2021

AAIB Libra — Sherif EL Gabaly, Founder and Chairman at Enara, signed a long-term loan agreement with Sherif Elwy – chief executive of the Arab African International Bank (AAIB)

Libra Capital, part of Cairo-based infrastructure investment firm Enara Group, said on Wednesday it signed an agreement for a 200 million Egyptian pound ($12.7 million) long-term loan from the Arab African International Bank (AAIB).

The ten-year term loan will be used for financing Libra’s projects related to the development, construction, and operation of solar power plants, the company added in a statement.

Arab African International Bank (AAIB)loan agreement solar power plants