Waste management reform expands with private sector involvement: Environment Minister    Mideast infrastructure hit by advanced, 2-year cyber-espionage attack: Fortinet    SCZONE signs $18m agreement with Turkish Ulusoy to establish yarn factory in West Qantara    Egypt PM warns of higher oil prices from regional war after 1st Crisis Committee meeting    US firm VXI to create 4,000 jobs in Egypt in $135m expansion    Egypt's Foreign Minister discusses Mideast de-escalation with China FM, EU Parliament President    Egypt's gold prices fall for 3rd day on Wednesday    Egypt's FM holds talks with Arab counterparts over Iran-Israel escalation    Egypt's PM urges halt to Israeli military operations    Egypt sets 3-month goal to join world's top 50 in business readiness: minister    UN Palestine peace conference suspended amid regional escalation    Egypt advances integrated waste management city in 10th of Ramadan with World Bank support    Egypt, Japan's JICA plan school expansion – Cabinet    Egypt's EDA, AstraZeneca discuss local manufacturing    Egypt issues nearly 20 million digital treatment approvals as health insurance digitalisation accelerates    EGP opens flat against USD on Monday    Sisi launches new support initiative for families of war, terrorism victims    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Vodafone Egypt, 7 Banks to Ink EGP4bn Credit Facility Contract by Monday
Nayera Eid Published in Amwal Al Ghad on 20 - 11 - 2014

Vodafone Egypt will sign credit facility contract worth EGP4 billion with the alliance of seven Egyptian banks that will join the loan by next Monday.
Amwal Al Ghad has published the banks' shares in the loan distributed as EGP900 million by Banque Misr, EGP650 million by Commercial International Bank (CIB) and AlexBank, EGP600 million paid by HSBC bank in addition to Emirates NBD ,QNB-Alahli and Barclays which participated with EGP400 for each of them.
Vodafone is aiming to exploit the loan as a credit facilities to cover its needs in developing the network and improving services, it may allocate part of loan for financing the Unified Licence.
Furthermore, the company's revenues surged to EGP3.377 billion in the first quarter of the fiscal year 2014/2015 which will be ended in June30 2014.

Clic here to read the story from its source.