Category: Press Release

Canal Sugar to Sign Three Major Contracts, Having a Strong Kick-Off to its’ Strategic Project

Canal Sugar to Sign Three Major Contracts, Having a Strong Kick-Off to its’ Strategic Project A strong kick-off for the project that will bridge 70% of the difference between consumption and production of Sugar in Egypt Canal Sugar, an Egyptian Joint Stock Company, will be signing three major contracts on 28 April 2019; the first contract comprising three agreements with…

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Canal Sugar signs a Bridge Facility Financing Agreement up to USD 100 mn & EGP 1.2 bn

Canal Sugar Signs a Bridge Facility Financing Agreement up to USD 100 mn & EGP 1.2 bn Canal Sugar, an Egyptian Joint Stock company, headed by UAE investor Mr. Jamal Al Ghurair signed today a USD 100 mn and EGP 1.2 bn bridge financing agreement with a consortium of six banks to finance the procurement, erection and operation of its…

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Dubai’s Al Khaleej in $1 bln Egypt beet sugar mill deal

Dubai’s Al Khaleej Sugar Refinery has agreed to build a major agro-industrial complex to produce beet sugar under a deal signed with the Egyptian government, the world’s largest port-based sugar refinery said on Sunday. The project, named Al Canal Sugar, will be located only about 200 km (125 miles) from its market, Jamal al-Ghurair, managing director of the refinery, told…

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