Invest-GateA banking alliance including Banque Misr, as the Initial Mandated Lead Arranger, Financing Arranger, Facility Agent, Account Bank and Collection Account Bank, in cooperation with the National Bank of Egypt, as the Initial Mandated Lead Arranger, Financing Arranger, Security Agent, Debt Service Reserve Account Bank and Documentation Bank, successfully arranged a long-term joint financing facility with a total value of EGP 8 billion in favor of Palm Hills for Real Estate Investment and Development, one of Palm Hills Developments Group companies, the leading company in luxury real estate development in Egypt, to support the completion of the current and future development phases of "Palm Hills New Cairo" and accelerate construction works in line with the project's continued growth and increasing demand, Invest-Gate reports.