Misr Cement to obtain LE210m from NBE, CIB & Banque Misr

Updated 10/25/2016 10:53:38 AM

Arab Finance: Misr Cement's (Qena) (MCQE) Board of Directors was convened on 24/10/2016.

BoD decided to delay discussion on standalone 9-month results, till finalizing the consolidated results for the same period.

Moreover, BoD mandated the company's Chairman to sign the note of conditions (A co-facilitation by National Bank of Egypt, Banque Misr and Commercial Bank of Egypt (COMI) amounting to LE210 million) aiming to finance part of the capital hike.

 

Source: EGX & Arab Finance editor