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Next Bank signs 2.1B Pound Credit Deal with Az Arab Swedish
Next Bank signed a credit facilities agreement worth 2.1 billion Egyptian pounds with Az Arab Swedish Investments Group, aimed at financing the company's factory investments and constructing a new paint factory for automobiles. This step is part of the group's industrial expansion plan and reflects the bank's support for economic growth strategies through the funding of major projects. The financing aims to increase production capacity, enhance competitiveness, and achieve sustainable industrial development, leveraging the strength of the group's financial position and banking confidence.
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