Kima Agrees with a Banking Alliance to Re-Calculate Interest on Loans

Source: www.oilegypt.com 6/19/2021, Location: Africa

The Egyptian Chemical Industries - Kima said that it had agreed, in principle, with a group of banks to re-calculate the interests as a result of the low risk rate after the completion of the project and the stability of production.

The company added, in a statement to the Egyptian Stock Exchange, today, that the study of the lending banks is expected to be completed during the second half of July 2021.

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