(Ecofin Agency) - Alexandria Mineral Oils Co SAE (AMOC), EGX-listed Egyptian company active in the oil industry, concluded a financing agreement worth $500 million on an oil refinery project with local and international financial institutions.

According to Egyptian media, these institutions include International Finance Corporation (IFC) and European Bank for Reconstruction and Development (EBRD).

Amr Mostafa, AMOC’s chairman said that in addition to this fundraising, the company should soon complete procedure for a second stock exchange listing, on Nasdaq Dubai, the United Arab Emirates’ Stock Exchange.

Chamberline Moko