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Banque Du Caire Signs $16.7mln Financing Deal with Kandil Glass to Fund Suez Expansion
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The Bank of Cairo has formalized a financing agreement with the Kandil Glass Group this Sunday, February 15, marking a key step in the expansion of industrial capital. This partnership is mainly intended to support the creation of a new state-of-the-art production unit located in the Ataqa Free Zone in Suez Governorate. This investment is part of a dynamic of building national industrial capacity, enabling Kandil Glass to consolidate its positio…
Banque du Caire signs $16.7m financing deal with Kandil Glass to fund Suez expansion - Dailynewsegypt
Banque du Caire has signed a new financing agreement with the Kandil Glass Group to support the company’s capital expansion, including the establishment of a new glass production facility in the Ataqa Free Zone in Suez governorate. The financing package includes a six-year medium-term loan worth $16.7m as part of an investment project with a total cost of up to $20.4m to establish Kandil Glass Industries in the free zone. The agreement also prov…
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