Thndr Claps
  • Egypt
  • Saudi
  • Thinkers
  • العربية
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Financial Services 💸 » El Sewedy secures credit facility 🔦

El Sewedy secures credit facility 🔦

by Omar El Shorafa
September 27, 2022
السويدي إلكتريك، إيبيكو، ثاندر كلابس

The Clap
El Sewedy Electric (SWDY) signed a contract granting its subsidiaries a credit facility with the participation of 7 banks.

Credit Facility
A credit facility grants the company funds allowing it to withdraw funds when necessary without the need to apply for a new loan, as long as it is within the credit facility.

The Deets
The participating banks will be: Abu Dhabi Islamic Bank, Al Baraka Bank, Al Ahli Bank of Kuwait, Industrial Development Bank, Midbank, Agricultural Bank of Egypt, and Egyptian Arab Land Bank.

Why this Matters
The facility will be used to support El Sewedy Group’s expansion plans, facilitation of business, and importing of raw materials.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Raya to decide on how to access funds  ❔
Financial Services 💸

EGP depreciation boosts Raya Holding’s profits

by Shams Abbas
May 30, 2023
Contact profits increase by 40% in Q1-2022
Financial Services 💸

Contact Financial Holding’s Q1-2023 profits jump 3%

by Shams Abbas
May 29, 2023
Biggest capital increase in EGX history 👀
Financial Services 💸

Beltone announces subscription dates for its upcoming capital increase

by Shams Abbas
May 24, 2023
Financial Services 💸

EFG Hermes’ profits skyrocket in Q1-2023 by 157%

by Shams Abbas
May 24, 2023
Financial Services 💸

CIB’s Q1-2023 profits up 43% on an annual basis

by Shams Abbas
May 15, 2023
Financial Services 💸

EFG Hermes board approves capital increase

by Shams Abbas
April 4, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • Egypt
  • Saudi
  • Thinkers
  • العربية

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)