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NBE approves EGP 250m new credit facilities to Ibnsina Pharma

NBE approves EGP 250m new credit facilities to Ibnsina Pharma
The increased facilities will finance the company’s working capital when needed
Ibnsina Pharma
ISPH
-2.59% 6.01 -0.16

Cairo – Mubasher: The National Bank of Egypt (CBE) approved a EGP 250 million increase in the short-term credit facilities provided to Ibnsina Pharma.

The increased facilities will finance the company’s working capital when needed, according to a bourse disclosure on Sunday.

During the first six months of 2020, the company logged EGP 88.9 million in net profits, down from EGP 103.19 million in the year-ago period.