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FINANCIAL NEWS
Egypt SMPP starts operating Motaheda Carton Factory
06 Mar 2016
(MENAFN) Modern Shorouk Printing & Packaging plans (SMPP) will start operating Motaheda Carton Factory for cardboard manufacturing in Sadat City in Sep 2016.
Moreover, the firm is working on the final steps to install the production lines to begin the factory’s operation trial to generate 130,000 tons of paper yearly.
Additionally, SMPP received a loan value USD 17.86mn to complete building work, as agreed with the Arab African International Bank (AAIB).
The whole loans of USD 35.73mn SMPP will fund the necessary funding for running the factory, equally divided between AAIB and HSBC to USD 17.86mn.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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