Arab Finance: The Egyptian Refining Company, a subsidiary of… Castle Financial Investments (CCAP) To repay an additional $150 million of the net initial loans due by the end of this year, bringing the net to $375 million, according to what the East Economy website reported.
The refinery has increased its production capacity by 10% and aims to increase it by an additional 15% within four years at an estimated cost of $200 million. The company also plans to pay off $200 million of its outstanding debts amounting to $742 million by next December, bringing the company’s total debts To 524 million dollars.
Qalaa Holdings is trying to repay loans worth $2.4 billion for the new refinery in Mostorod, after the company’s business results for the first quarter of 2024 showed that 72.5% of the company’s total debts amounting to 111.2 billion pounds are related to the Egyptian Refining Company.
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