Cairo – Mubasher: Misr Cement – Qena said it did not sign any loan contracts with any bank so far.
Previous news reports claimed that the cement producer has signed a loan contract worth EGP 210 million with banking consortium that comprises National Bank of Egypt, Banque Misr and Commercial International Bank.
Last October, the company also denied securing a syndicated loan of EGP 200 million.
Misr Cement – Qena is capitalized at EGP 298.78 million, distributed across 29.9 million shares at EGP 10 par value each.
