Sarie-Eldin & Partners-Legal Advisors is pleased to announce that International Oil Multi Seeds Extraction Company (OILEX), one of Egypt's leading oil extracting companies, has unsuccessfully obtained a syndicated facility up to EGP 2.4 Billion from National Bank of Egypt, National Bank of Abu Dhabi, Banque Du Caire, Arab Bank, and Suez Canal Bank to finance part of the investment cost of the construction of an integrated complex for the extraction, refining and filling of vegetables’ oils.
"We are delighted that we have successfully assisted the banks in completing the process of granting one of the largest finances, which will contribute to the establishment of this impressive development project and increasing the company's projects across the nation and expanding its investments in the Egyptian market as one of the largest entities in this strategic sector," said Amira Sherif, Senior Partner.