Displaying items by tag: Qatar National Bank
Adani Group obtains US$200m loan from Qatar National Bank
22 December 2023India: Adani Group took a US$200m loan from Qatar National Bank earlier in December 2023. The Telegraph India newspaper has reported that the conglomerate will put the funds towards refinancing its pre-existing US$3.5bn loan for its acquisition of Holcim India.
Adani Group aims to control 140Mt/yr of cement production capacity by 2027.
Arabian Cement Company to build US$5m solar project
17 January 2019Egypt: The Arabian Cement Company is to collaborate with the European Bank for Reconstruction and Development (EBRD) and Qatar National Bank (QNB) to build a solar power plant at its Suez cement plant. The banks are providing funding of over US$5m to support the project, according to the Daily News Egypt newspaper. The solar plant will be built in collaboration with Solarize Egypt. It is scheduled to start operation in the second quarter of 2019.
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