Cairo – Mubasher: Dice Sport and Casual Wear on Sunday has signed a $3 million medium-term loan agreement with Qatar National Bank Al Ahli (QNB AlAhli).

Dice aims to inaugurate 48 branches during 2018 in a bid to increase its market share in the North African nation by 20%, compared to 10% in 2016.

The casual wear producer’s profits amounted to EGP 131.3 million during the first nine months of 2017, against EGP 1.13 million in the corresponding period the year before.

In the January-July period, Dice’s sales surged 73.5% to EGP 782.6 million, up from EGP 451 million in the same period a year earlier.