Egypt: ACC secures loan to part-finance expansion

Egypt: ACC secures loan to part-finance expansion
Published: 26 February 2015


Arabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing.

The loan is to be repaid over a period of five years, including a one-year grace period.

The cement firm said it will use the loan to finance part of the first phase of an expansion project to enhance grinding capacity.