Tags : Ashraf Hendi

Banking & Finance Egypt Transport

EBRD and donors finance Egyptian electric transport provider AGM

Abou Ghaly Motors (“AGM”), specialists in the automotive industry in Egypt, has successfully secured a finance extension from The European Bank for Reconstruction and Development (“EBRD”) to finance AGM’s fleet of range-extended electric vehicle for its London Cab services.  A loan of EGP 187.4 million (around EUR 10 million) from the EBRD is being complemented […]

Deal & transactions Egypt Oil & Gas

Proger to build Belayim Petroleum Company headquarters in Cairo 

Proger and its Egyptian subsidiary Proger Egypt have signed a contract for the turnkey design and construction of a 63,000 square meters building complex for Belayim Petroleum Company’s (“Petrobel”) headquarters in Cairo.  Proger Egypt in partnership with Sky Investment Group, co-shareholder of the company, have secured a multi-tranche and multi-currency medium-term financing of USD 76,5 […]