Key Factors
- Madkour Group has secured a EGP1.2 billion ($24.6 million) credit score facility, highlighting its strategic give attention to native and worldwide enlargement.
- Suez Canal Financial institution facilitated the deal, reinforcing its dedication to offering modern financing options for company progress.
- Based in 2015, Madkour Group has emerged as a key participant in Egypt’s vitality and industrial sectors, with operations throughout a number of international locations.
Madkour Group, the Egyptian conglomerate led by outstanding tycoon Mostafa Madkour, has efficiently secured a EGP1.2 billion ($24.6 million) credit score facility. This vital funding marks a strategic development within the firm’s progress plan, underscoring its dedication to increasing operations domestically and internationally.
The deal, facilitated by Suez Canal Financial institution, goals to bolster the financial institution’s function as a key monetary accomplice by providing versatile and modern options to help long-term company progress. The partnership aligns with Madkour Group’s broader targets to broaden its footprint throughout a number of sectors whereas enhancing strategic initiatives.
Modern financing options
The signing ceremony was attended by Akef El Maghraby, CEO and Managing Director of Suez Canal Financial institution, Shehab Zidan, Deputy CEO and MD, AlHaytham ElKobbrosly, Head of Company and Funding Banking Providers of Suez Canal Financial institution, Mostafa Madkour, Chairman and CEO of Madkour Group, Haitham Kassem, Treasury Director of Madkour Group, Radwa Mostafa, Chief Funding Officer of Madkour Group, along with delegations from each side.
Akef El Maghraby emphasised the financial institution’s dedication to offering complete financing options tailor-made to company wants, fostering new avenues for collaboration with strategic companions. He highlighted that the partnership with Madkour Group exemplifies the financial institution’s dedication to supporting essential financial sectors.
Echoing this sentiment, Madkour said that the partnership would improve the corporate’s operational capabilities and broaden the scope of each present and future tasks on native and worldwide fronts. He recommended Suez Canal Financial institution for its steadfast help of nationwide enterprises, which performs a pivotal function in stimulating the nationwide economic system.
Madkour Group boosts progress with partnerships
Based in 2015, Madkour Group has grown right into a key participant in vitality, EPC contracting, and utility companies throughout Egypt and past.
Beneath founder and CEO Mostafa Madkour, the conglomerate has expanded into retail, industrial development, and materials distribution, with operations in Egypt, Saudi Arabia, Oman, Libya, and Equatorial Guinea.
In 2023, the group partnered with Alcazar Energy to boost Egypt’s renewable energy initiatives, secured EGP400 million ($8.2 million) in leasing and factoring from Beltone Holding, and deepened its collaboration with Siemens to enhance industrial innovation.