$150 Mn Could Go to Egypt Energy Firms from ADIB

$150 Mn Could Go to Egypt Energy Firms from ADIB

Abu Dhabi Islamic Bank (ADIB) is studying arranging a US$150 million financing for one of the energy firms in Egypt, managing director and CEO of ADIB Capital Zeinab Hashim announced Wednesday.

The banking official said ADIB will reach a final agreement within the next two months with the possibility of involving other banks.

Source: Amwal Al-Ghad

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