Eight banks, led by Banque du Caire, offer Misr Petroleum a $540M loan to boost fuel supply.

Eight Egyptian and international banks, led by Banque du Caire and the National Bank of Egypt, have formed a syndicate to provide Misr Petroleum Company with a medium-term facility of up to EGP 10 billion. This move supports Misr Petroleum's goal to enhance fuel supply for local and international markets, as highlighted by the company's Chairperson, Mohamed Maged. Banque du Caire's Deputy CEO, Bahaa El Shafei, emphasized the bank's commitment to aiding key sectors like petroleum to meet market demands.

November 16, 2024
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