IFC approves $ 90 m loan for KIMA

Arab Finance: Mohammed Rashid, Official at Ministry of Planning and International Cooperation, stated that Islamic Development Bank’s (IDB) affiliate International Finance Corporation (IFC) finally approved to provide Egyptian Chemical Industries (Kima) (EGCH) $ 90 million to finance its new project, Almal newspaper reported.\nHe added that, the bank is about to sign the loan in the coming few days after reaching the final agreement.\nSource: Almal newspaper & Arab Finance editor