Cairo –  The Egyptian Arab Land Bank is planning to arrange EGP 1.7 billion finance in the healthcare and aviation sectors, the bank’s deputy chairman Amr Gadallah told Mubasher.

The bank is currently arranging EGP 1 billion syndicated loan for the healthcare sector which will be used to fund a private company, Gadallah added, noting that the loan will be granted by four banks.

The top official revealed that the bank is considering financing the purchase of an airliner and a cargo ship in consideration of EGP 700 million.

 

Translated by: Muhammad Abdul-Wakeel

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.