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Egypt Kuwait Holding's unit signs financing contract with NBE

Egypt Kuwait Holding's unit signs financing contract with NBE

ArabFinance: Egypt Kuwait Holding's (EKHO) subsidiary Nile Wood Company signed EGP 793.9 million financing contract with the National Bank of Egypt (NBE) to establish medium-density fibreboard plant, according to Almasry Alyoum website. 

The agreement was made as part of the Central Bank of Egypt’s (CBE) initiative to support clients in industrial, agricultural, and contracting activities.

NBE Deputy Chairperson Yehia Aboul Fotouh said the financing reflects the state’s encouragement and interest in major projects that maximise diversity in GDP sources and maintain stable growth rates. 

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