Egypt's Ghabour raises bonds worth $100 million

The Egyptian company group Ghabour decided issuing financing bonds for increasing during its capital to 100 million dollar during coming month. A press statement issued by Ghabour said, "There are five offers for marketing for this increase from Merrill Lynch, Hermes, the International Commercial Company for Investment, Filmngiz Watch S.B.C. and Nemorah."

The Ghabour group works in the automotive industry in addition to some commercial and industrial proxies, and the group carries out its commercial activities through 10 companies affiliated to the group.