Cairo – Mubasher: Metropolitan Egypt Consulting has signed a deal with Al Jawhara Group For Food Industries to provide the latter with an EGP 100 million financing, Metropolitan Egypt’s credit administrator said.
The financing will be injected into Al Jawhara’s working capital by acquiring 25-30% shares in the company, along with boosting its expansion plan, Ahmed Gamil said on Thursday in a statement.
The Egyptian financial services company has approached a group of German and South African investors, as well as prepared the requisite credit documents to finalise financing procedures.
Gamil said that the company has also been selected as a financial adviser for Al Jawhara Group.
In December 2018, Metropolitan Egypt said it was in talks with a number of banks and financial leasing firms over getting EGP 34 million in financing.
