Egypt’s Stock Market Resumes Trading on CIB Shares
Egypt’s Stock Exchange has resumed trading Commercial International Bank (CIB) shares on October 25 after suspending it on October 23 at the request of the Financial Regulatory Authority (FRA)
PHD, NBE Partner for EGP 1 bn Facility Deal
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.
MNHD, CIB Seal EGP 1.1 bn Syndicated Loan Agreement
Egypt's Madinet Nasr for Housing and Development (MNHD) has agreed on an EGP 1.1 bn syndicated loan, aiming to proceed with plans to pump EGP 12 bn over the next three years into east Cairo's Sarai and Taj City pr ...
EBRD Extends USD 200 mn Facility to Boost Egypt’s Private Sector
The European Bank for Reconstruction and Development (EBRD) has granted a USD 200 mn (EGP 3.24 bn) financing package to the National Bank of Egypt (NBE) for trade and on-lending to local Coronavirus-hit companies. ...
SODIC, CIB Ink EGP 1 bn Facility to Finance EDNC
Egypt’s Sixth of October for Development and Investment Company (SODIC) has announced that its wholly-owned subsidiary, SOREAL, signed a medium-term facility worth EGP 1 bn with Commercial International Bank (CIB) ...
PHD Closes EGP 1.1 bn Loan Facility to Settle Debt
Egypt's property developer Palm Hills Developments (PHD) signed on December 18 a deal with the Commercial International Bank Egypt (CIB) to secure EGP 1.1 bn medium-term loan facility.
Invest-Gate Releases Recommendations for Future Real Estate Investments
Invest-Gate wrapped up its fourth roundtable on October 16, titled "Means of Attracting Future Real Estate Investments," under the auspices of the Ministry of Housing, Utilities, and Urban Communities, presenting ...
Hassan Allam Awarded New Project in NAC
Egypt-based Hassan Allam Construction (HAC) has announced a new project award for the development of the Commercial International Bank’s (CIB) new headquarters project in the New Administrative Capital (NAC).
MNHD Eyes EGP 1 bn Loan From CIB
Egyptian developer Madinet Nasr Housing and Development (MNHD) has ratified signing a medium-term loan with the Commercial Bank of Egypt (CIB) worth EGP 1 bn to fund two projects
