Bank NXT signs EGP 2.1B facility with Ezz Elarab Elsewedy Investments for automotive expansion

· Egyptian market news · ARAB

Bank NXT has signed an EGP 2.1 billion credit facility with Ezz Elarab Elsewedy Investments to finance expansion at Ezz Elarab Elsewedy Automotive Factories and the construction of a new automotive paint plant, as per an emailed press release.

The projects form part of the Ezz El Arab–El Sewedy Group’s plans to expand its industrial…

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Source: Arab Finance — read the original story

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