Saudi Islamic Development Bank Offers Egypt’s KIMA $90 Mln Loan

By Yomna Yasser On Oct 18, 2012

Egyptian Chemical Industries – KIMA (EGCH.CA) announced that the chairman of the firm had informed Egypt’s Minister of Investment that the firm has received oan offer from the Saudi Islamic Development Bank (IDB)’s in order to finance KIMA’s projects.

The firm further noted that it is still studying the IDB’s $90 million loan offer to finance KIMA’s projects.

KIMA’s issued capital is valued at EGP 1.206 billion distributed to 241.200 million securities in which the par value is EGP 5 per share.