<div id="readability-page-1"><div><p><span>EL SEWEDY ELECTRIC CO SAE </span><span>:</span></p><ul><li>COMMERCIAL INTERNATIONAL BANK, EGYPT (CIB) SUPPORTS ELSEWEDY ELECTRIC’S EUROPEAN EXPANSION THROUGH €58 MILLION HUNGARY POWER PROJECT FINANCING</li><li>OVERALL INVESTMENT IN PROJECT IS ESTIMATED AT APPROX €700 MILLION</li><li>CIB IS ACTING AS SOLE FINANCIER FOR ELSEWEDY ELECTRIC’S PORTION OF PROJECT</li><li>PLANT IS SCHEDULED TO BEGIN COMMERCIAL OPERATIONS IN 2028</li></ul></div></div>

CIBEY

<p>EL SEWEDY ELECTRIC CO SAE :COMMERCIAL INTERNATIONAL BANK, EGYPT (CIB) SUPPORTS ELSEWEDY ELECTRIC’S EUROPEAN EXPANSION THROUGH €58 MILLION HUNGARY POWER PROJECT FINANCINGOVERALL INVESTMENT IN PROJECT IS ESTIMATED AT APPROX €700 MILLIONCIB IS ACTING AS SOLE FINANCIER FOR ELSEWEDY ELECTRIC’S PORTION OF PROJECTPLANT IS SCHEDULED TO BEGIN COMMERCIAL OPERATIONS IN 2028</p>

CIB Supports Elsewedy Electric European Expansion Via €58 Mln Hungary Power Project Financing