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CAIRO – The fundraising advisor, NDI Capital, is pursuing the bid reception procedures for bid selection and preparing draft contracts for legal advisors to be presented as a prelude to the contract after the agreement, said Sidi Kerir Petrochemicals Company.
Sidi Kerir said Monday in a statement to the Egyptian Stock Exchange that the council had agreed on July 25 to sign a contract with the National Bank of Kuwait (Kuwait) as financial advisor for the project for financing propylene and polypropylene.
The company explained that it had received the technical offers for the contractor concerning the turnkey propylene system project and a card design of 500,000 tonnes per year.
In March, the company's board of directors agreed to define the financing structure for the propylene and polypropylene project at 30% of the property rights and at 70% of the project's investment cost.
The company is implementing a propylene production project with a production capacity of 450 tonnes per year and an estimated investment of $ 1.2 billion.
In February, he reported that UOP, the license holder of the propylene plant project, had received the basic technical and technical plans.
The specifications and the specifications for the selection of the general contractor on the number of 5 international companies to implement the turnkey system design card 500,000 tons / year project.
The company announced last May that six international companies had been contacted to sign confidentiality agreements, adding that a brochure describing the terms and conditions was being proposed for the selection of the general contractor for the polypropylene project. has a turnkey system and a 450,000 euros delivery card for the year.
The company posted a net profit of 193 million pounds from the beginning of January to the end of March, compared with 283 million pounds in the same period last year.
appointments:
March 28th. Shareholders of Sidi Kreir discuss the distribution of 70 pence per share.
3 factors of the rise of Sidi Kerir in 2018
Sidi Kerir Petrochemicals plans to start production of a polypropylene plant. Beginning of 2022
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