Middle East Economic Survey

VOL. L

No 51

17-December-2007

EGYPT

Citadel Refinery Financing Progresses, Pathfinder Banks To Be Appointed

Financing for Citadel Capitals proposed refinery at the site of the existing Musturud refinery outside Cairo is progressing and pathfinder banks are expected to be appointed by the beginning of 2008, MEES understands. Pathfinder banks perform due diligence and their inclusion is aimed at smoothing the approach to the broader market. They have been used for a...