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(2019-02-26) CIB to arrange $80 m loan to Qalaa’s ERC
Commercial International Bank (CIB) (COMI) is arranging a USD 80 mn loan to Qalaa Holdings’ (CCAP) Egyptian Refining Company (ERC) with a tenor of one year, unnamed sources told Reuters’ Arabic service.
ERC is a major public private partnership (PPP) megaproject led by Qalaa, and is scheduled to come online later this year. Source: Enterprise