Egyptian Arab Land Bank to arrange $105mln loan
the bank is considering financing the purchase of an airliner and a cargo ship in consideration of $43.35mln
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.
source: zawya
