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FINANCIAL NEWS
Orascom Construction secures $213m loan
03 Jun 2010
(MENAFN) Orascom Construction Industries (OCI), Egypt’s biggest listed builder, said that it has secured a loan worth over $212.6 million to part finance the buying of assets from Dutch chemicals group DSM, according to business daily newspaper.
OCI, which also makers fertilizers, said that it had completed the purchase of DSM’s melamine and agricultural businesses.
Business daily Al-Mal reported OCI’s investor relations director, Hassan Badrawi, as saying OCI would get the loan, worth more than $210 million, from an un-named Dutch bank. He said the deal was worth $378 million.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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