ADIB to Loan EGPC $100m

The Egyptian General Petroleum Corporation (EGPC) has requested a loan from Abu Dhabi Islamic Bank (ADIB) worth  $100m to finance imported petroleum shipments, reported Daily News Egypt. 

According to an anonymous  sources at the ADIB, the major shareholder of the company, will be among the major participants that will arrange the loan, especially as the company and the bank have arranged loans for oil companies, last year.

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