Banque du Caire has signed a new financing agreement with the Kandil Glass Group to support the company’s capital expansion, including the establishment of a new glass production facility in the Ataqa Free Zone in Suez governorate. The financing package includes a six-year medium-term loan worth $16.7m as part of an investment project with a total cost of up to $20.4m to establish Kandil Glass Industries in the free zone. The agreement also provides $8m and EGP 85.6m in additional financing for the existing Kandil Glass to fund capital expenditure (CAPEX). Bahaa El Shaffei, Deputy CEO of Banque du Caire, said the bank is keen to fulfil its development role by financing industrial projects with tangible economic impact. It also highlights Banque du Caire’s continued commitment to financing industrial investments and acting as a strategic partner in sustainable economic growth.

Source: Daily News Egypt February 15, 2026 19:02 UTC