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The banks, arranging the EGP 2.9 billion syndicated loan for the Egyptian Company for Mobile Services Mobinil, will sign the final loan agreement on September 2nd.
Sources told Amwal Al Ghad that another bank will join the consortium to contribute to the syndicated loan which will be used to finance the future local expansions and refinance current debts.
A consortium compromising of NBE, CIB and NSGB had earlier offered EGP 2 billion loan to Mobinil last year to which NBE contributed with EGP one billion and CIB and NSGB provided EGP one billion.
