The Board of Directors of Qalaa Holding has delegated the company’s chairman and the Managing Director to study the possibility of issuing convertible bonds up to $200 million (or equivalent in Egyptian pounds) to reduce the company’s loans, borrowing costs, and inject capital into its subsidiaries, according to its release to the Egyptian Stock Exchange. […]
The post Qalaa Holding Eyes Debt Reduction, Investment in Subsidiaries first appeared on Egypt Oil & Gas.
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