Part of Egyptian Refining Co. Debts Paid

published:23/12/2025 08:08 GMT

Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, paid US$417 million of its debt, lowering the senior debt balance to US$63 million from US$2.35 billion, according to a bourse filing. The remaining amount is scheduled to be paid in March 2026. Meanwhile, ERC will pay its mezzanine loan balance of US$773 million till 2030. Upon the full payment of its senior debt in March 2026, ERC becomes eligible to pay dividends to its shareholders after the approval of its assembly general...More