The European Bank for Reconstruction and Development (EBRD) has extended a USD 12 mn (EGP 190.1 mn) long-term loan to Al Dau Al Haram for Hotel Operations for the regeneration of a brownfield site into a Hyatt Regency-branded hotel in west Cairo.

Orascom Development Egypt (ODE) has sealed a medium-term loan deal worth USD 265 mn (EGP 4.1 bn) to refinance outstanding debt and bankroll growth plans.

Amer Group's subsidiary Delmar for Touristic Development has signed an EGP 450 mn loan contract with Ahli United Bank to finance the Porto Heliopolis project.

Palm Hills Developments (PHD) has inked an EGP 1 bn facility agreement with the National Bank of Egypt (NBE), while still aiming to meet the EGP 1.5 bn net debt target by year-end.