Libra Capital secures US$12.73m loan from AAIB for its renewable energy projects

EGYPT – The Arab African International Bank (AAIB), has signed a new long-term loan agreement worth EGP 200 million (US$12.73m) with Libra Capital, a subsidiary of Enara Group to finance its renewable energy projects. Libra Capital, which provides integrated solutions for the commercial and industrial sectors. The loan, which will cover a period of up to 10 years, will help the Enara Group subsidiary finance its projects in Egypt, in the field of developing, constructing, and operating solar power stations. It comes in view of the banking sector’s main role…

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Real estate agent SODIC partners with AAIB to launch e-payment solutions

EGYPT – SODIC, a real estate agent, has signed a partnership agreement with the Arab African International Bank (AAIB) to provide its clients with e-payments solutions accessed through the developer’s website. The agreement entails that the AAIB provides a payment gateway that allows clients an e-payment option for their home installments and any other payments against services or products offered by SODIC, ensuring a convenient, safe and secure payment alternative. “The partnership comes as part of SODIC’s digital transformation plans where we are moving towards digitising all internal and customer…

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