Global Trade Alert
Global Trade Alert

Egypt: Egyptian Banking alliance signs a financing agreement with Al Sharkiya Sugar Manufacturing to resume the establishment of the company's beet sugar plant

Announcement

07 Apr 2019

On 7 April 2019, an Egyptian banking coalition led by Banque Misr signed an EGP 3.1 billion (USD 179,144,153.25) finance agreement with Al Sharkiyah Sugar Manufacturing Company  S.A.E. (Al-Nouran) for the purpose of resuming the establishment of the company's beet sugar plant in Al Sharqeya governorate.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

07 Apr 2019

Revocation date:

No revocation date

State loan In force

On 7 April 2019, an Egyptian banking coalition led by Banque Misr signed an EGP 3.1 billion (USD 179,144,153.25) finance agreement with Al Sharkiyah Sugar Manufacturing Company (Al-Nouran) for the pur...

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