MNHD Secures EGP 2.1 bn Loan

Madinet Nasr for Housing and Development (MNHD) has secured an EGP 2.1 bn syndicated loan from three Egypt-based banks in funding for some of the developer's projects in New Cairo.

SHMFF, Banque Misr Ink Protocol to Provide Mortgage for 1,200 Units

Social Housing and Mortgage Finance Fund (SHMFF) signed a joint cooperation protocol with the Suez Canal Authority and Banque Misr to allocate 1,200 units to the authority's workers union

NUCA Concludes EGP 4 bn Securitization Transaction

Egypt’s New Urban Communities Authority (NUCA) has concluded a securitization bond issue worth EGP 4 bn to finance a number of its underway megaprojects cross-country

Marakez Gets EGP 1.5 bn Facility for Mall of Katameya

Marakez for Real Estate Investment, a subsidiary of Saudi Arabia's Fawaz Alhokair Group, has obtained an EGP 1.5 bn loan facility from five banks to develop phase I of its latest commercial project in east Cairo, ...

Arab Contractors to Sell 4% Stake in El Mostakbal

Arab Contractors, an Egyptian construction and contracting company, will sell 4% of its shareholding in El Mostakbal for Urban Development to two local banks

BADEA Grants USD 50 mn Credit Line to Egypt

The Arab Bank for Economic Development in Africa (BADEA) agreed on September 27 to grant Egypt a line of credit (LOC) during its BoD meeting in Khartoum

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