Elsewedy Electric Co has announced it will sign the final agreement to obtain credit facilities from 7 banks
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The announcement was made in line with recently-circulated news titled: shares of the 7 banks involved in Elsewedy Electric’s EGP 2 billion financing; signing taking place within days, according to a bourse statement on Monday.
It is worth noting that during the first half (H1) of 2022, Elsewedy Electric registered EGP 2.02 billion in its consolidated net profits after income tax, compared to EGP 1.74 billion in H1-21.
