CIB extends $80m medium-term financing for Eroglu Knitting expansion in Egypt

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Egypt's Commercial International Bank (CIB) has extended $80 million in medium-term financing to support expansion of Eroglu Knitting, boosting the country's textile industry and foreign direct investment inflows. Eroglu Knitting is a subsidiary of Turkey's Eroglu Global Holding.

Commercial International Bank (CIB), Egypt’s leading private-sector bank, has signed a financing agreement to provide an $80m financing package for the expansion of the Eroglu Knitting (EMS) project, supporting Egypt’s textile industry and contributing to increased foreign direct investment (FDI) inflows. Eroglu Knitting is a subsidiary of Turkey’s Eroglu Global Holding. The EMS project, being […] The post CIB extends $80m medium-term financing for Eroglu Knitting expansion in Egypt first appeared on Dailynewsegypt.