National Cement (NCEM) intends to negotiate for new financing worth LE250 million to use for the financial obligations of the new development plan, AlMal Newspaper reported on Wednesday.
Sources said the company is requesting funding offers from 4 banks; CIB (COMI), Banque Misr, QNB AlAhli (QNBA), and Emirates NDB, adding that each bank will provide a separate financing offer and that it is possible to form an consortium.
The company's future projects includes converting 2 cement mills to a closed circuit to produce cement with 42.5 standards for export, according to its website.
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