Egypt’s SAIB Bank net profit falls to $5.3 million in Q3
Third-quarter net profit of Societe Arabe Internationale de Banque (SAIB), the first joint Arab Bank working in…
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Societe Arabe Internationale de Banque
Dollar slightly rises against Egypt pound at early interbank trade
Dollar rose once again above 15 to Egyptian pound in 9 banks during early interbank dealings in Egypt on Thursday.…
Egypt pound vs dollar in interbank trade at 18 banks
US dollar traded to an average of 15 for buying and 15.65 for selling to Egyptian pound in interbank dealings on…
Dollar further fell against Egypt pound at early interbank trade
Dollar trade further dropped to an average below of 14 level for buying and below 16 for selling to Egyptian pound…
SAIB inks $11.26 mln to finance Egyptian micro-sized projects
Societe Arabe Internationale de Banque (SAIB) has signed Thursday a new financing contract with Egypt’s Social Fund…
SAIB Bank to ink first Shariah-compliant deal with SFD Egypt early 2016
Societe Arabe Internationale de Banque (SAIB) will be signing its first Shariah-compliant agreement upon the…
NBE to Ink EGP250mn Contract with SFD to Finance Small Projects Tomorrow
National Bank of Egypt (NBE) will sign tomorrow a contract with Social Fund for Development (SFD) worth EGP250…
SFD-Egypt Pumps EGP1.3bn Finance for Small Projects in 9 Months
Social Fund for Development (SFD) pumped EGP1.3 billion finance for small projects in the first 9 months of this…
SAIB, SFD to Ink EGP60mn Contract to Fund Small Projects Next Month
Société Arabe Internationale de Banque (SAIB) is set to sign a financing contract next month with the Social Fund…
East Delta Electricity Company Studies 3 New Funding Bids
East Delta Electricity Production Company (EDEPCO) is holding next month its annual meeting to discuss three offers…
SAIB in Talks with Palm Hills’ Loan Arrangers over EGP200mn Stake
Société Arabe Internationale de Banque (SAIB) is currently negotiating with the arranged banks for Egypt-based real…
NBE, Banque Misr Join AAIB in Marketing Palm Hills’ EGP2.6bn Loan
National Bank of Egypt (NBE), Banque Misr and Arab African International Bank (AAIB) started marketing Palm Hills…
13 Banks Ink Islamic Finance Deal for Egypt’s Noran Sugar Today
Today, 13 banks are due to sign an EGP1.5 billion definitive Islamic finance agreement to go for Noran Sugar…
Arab Investment Bank Mulls Arranging EGP1 bln Syndicated Loan
Arab Investment Bank of Egypt (AIB) is considering to arrange an EGP one billion syndicated loan in favour of…
Qatar’s QNB Said to Hire McKinsey to Advise on Egypt Bank Growth
Qatar National Bank, the nation’s largest lender, hired McKinsey & Co. to help formulate a strategy for its…
Banque Du Caire, 11 Banks Secure EGP3 bn Loan for Petroleum Sector
Banque Du Caire S.A.E. along with 11 banks signed on Monday financing contracts worth EGP3 billion (around $431…
SAIB Eyes to Apply Internet Banking Service this Year
Société Arabe Internationale de Banque (SAIB) is aiming applying Internet Banking service for the customers within…
SAIB Says to Inject EGP1.54 bln in SMEs within 2014
Société Arabe Internationale de Banque (SAIB) is planning to inject new finances worth EGP 1.5 billion in the SMEs…
With Participation of 12 Banks, SAIB Leads Arrangement of EGPC’s EGP2bn Loan
Société Arabe Internationale de Banque (SAIB) has signed on Tuesday the long-awaited agreement to arrange, manage…
Blom Egypt Joins Banking Consortium in KIMA’s Loan
Blom Bank Egypt has agreed to join the bank consortium to provide the Egyptian Chemical Industries Company (KIMA)…
EGB, SAIB Retreat from Arranging EGP400 mln Tag Sultan Loan
The Egyptian Gulf Bank (EGB) and the Société Arabe Internationale de Banque (SAIB) have decided to back away from…
SAIB Pumps EGP200 mln in MAF’s Mall of Egypt Loan
Société Arabe Internationale de Banque (SAIB) has pumped on Sunday EGP 200 million as pursuant to the Dubai-based…
Egypt’s SAIB: Q3 Profits Grow by 6%
Egypt-based Société Arabe Internationale de Banque (SAIB) has announced on Monday that the bank’s profits surged by…
NBE Eyes Arranging EGP10 bln Syndicated Loans in FY13/14
The National Bank of Egypt (NBE) is planning to arrange syndicated loans totaled EGP 10 billion within the current…
SAIB : Total Individuals’ Funds Hit EGP 540 Mln
The total value funding in Societe Arabe Internationale De Banque (SAIB) reached EGP 540 million by the end of June…
NBE, 5 Banks To Grant Semaf € 96 Mln This June
As being the main loan arranger, the National Bank of Egypt (NBE) is planning to grant the railway equipment…
3 Banks Consider Contributing To Petroleum Marine Loan
The Egyptian Gulf Bank (EGB), Banque Misr and Export Development Bank of Egypt study the possibility of…
SAIB Asks Banks To Contribute To Petroleum Marine Loan
Société Arabe Internationale de Banque (SAIB) has started to ask other banks to contribute to the US$ 50 million…
SAIB Rebuts News On Cancelling EGP 2 Bln Bonds Issue
Société Arabe Internationale de Banque (SAIB) has denied that it cancelled issuing bonds worth EGP 2 billion this…
SAIB Withdraws From Consortium Financing Egyptian Steel Group
Société Arabe Internationale de Banque (SAIB) withdrew from the consortium arranging EGP EGP 1.07 billion loan for…
SAIB Distributes US$12.375 Mln To Shareholders
Société Arabe Internationale de Banque’s (SAIB) Ordinary General Assembly approved to distribute US$ 12.375 million…
5 Banks To Sign Finance Agreement With Egyptian Steel Group Next February
Société Arabe Internationale de Banque (SAIB), United Bank and Egyptian Arab Land Bank (EALB) have approved to…
Audi, BM, SAIB To Provide EGP270 Mln Bridge Loan To Egyptian Steel
The three arrangers of the US$ 1.07 billion loan for the Egyptian Steel Group approved to offer a bridge loan…
SAIB 9-Month Profit Hits US$ 19.6 Mln
Societe Arabe Internationale De Banque (SAIB) reported net profit of US$ 19.652 million in the first nine months of…
Banque Misr, AIB, SAIB To Join NBE’s Industrial Pollution Control Project
Banque Misr, Arab Investment Bank and Société Arabe Internationale de Banque (SAIB) plan to enter a project…
SAIB Awaits CBE’s Approval To Appoint Misr Insurance’s Rep.
Misr Insurance Company approved to appoint Ali El-Shenawy Abdel Hady as its representative in Societe Arabe…
EALB Contributes EGP 150 Mn To Finance For Egyptian Steel Group
The Egyptian Arab Land Bank (EALB) approved contributing to the first Islamic syndicated loan arranged by Banque…
CBE Approves Nominating Arab Contractors Investment’s Representatives At SAIB
The Central Bank of Egypt (CBE) approved to nominate Mohamed Sami Ebrahim and Mohamed Mahmoud El-Khateeb as…
Loan Arrangers Invite Banks To Contribute To Egyptian Steel Finance Tomorrow
Banque Misr and Bank Audi will start tomorrow inviting Islamic banks and commercial banks with Islamic banking…
Gulf Banks Not To Finance Egyptian Steel Company On Qatari Partnership
Some of the Gulf banks retreated from contributing to the sharia-compliant syndicated loan amounting to EGP 1.07…