Banque du Caire and TAMEER have signed a financing agreement totaling EGP 956 mn, Invest-Gate reports.
The first issuance of the fund received EGP 360 mn worth of subscriptions, out of a targeted value of EGP 500 mn, from Egyptian and multinational financial institutions.
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.
Fawaz AlHokair Group’s mall development unit Marakez has signed an EGP 670 mn syndicated loan agreement with multiple local banks to finance the execution of phase II of east Cairo's Mall of Katameya.
Inertia has signed a five-year EGP 575 mn loan agreement with Banque du Caire, attempting to finance construction work at its flagship project on the North Coast, Jefaira, among other projects
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