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Egyptian pound banknotes lie on a table on March 6, 2024 in Cairo, after Egypt's central bank announced it will allow the exchange rate to be set by the market. Egypt's central bank announced on March 6 it will allow the exchange rate to be set by the market, causing the pound to lose more than a third of its value within minutes. Shortly after 12:00 pm (1000 GMT), the Egyptian pound was trading at a record high of 49.15 pounds to the US dollar, after more than a year of a stabilised official exchange rate of around 30.9. (Photo by Khaled DESOUKI / AFP)
Arab Finance: Al Khair River for Development Agricultural Investment and Environmental Services (KRDI) has fully paid off the credit facilities of EGP 5 million owed to Banque Misr, as per a filing.
The facilities were provided by the bank on August 27th, 2019, with a maturity date of July 1st, 2024.
Al Khair River is an EGX-listed company since December 29th, 2021, that operates in a number of major sectors, including land reclamation, provision of equipment and facilities to lands, and planting reclaimed lands using modern irrigation methods, in addition to livestock and poultry farming.
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