SODIC for Securitization S.A.E, SODIC’s wholly-owned subsidiary, concludes successfully its first securitization transaction.

Maxim Developments receives the new batch of the loan agreed upon with the National Bank of Egypt, amounting to EGP 450mn

Al-Sharif Holding Group signs a long-term financing contract with the National Bank of Egypt to contribute to the investment cost of the Shepherd Hotel development project with a value estimated at EGP 1.4 bn, as the loan amounted to EGP 978.2 mn with an interest of 8% and a grace period of three years, Invest-Gate reports.

IGI Real Estate says residential units at its gated community in west Cairo, “Ashgar City,” are now listed under the Central Bank of Egypt (CBE) real estate financing initiative, in a move that aims at revitalizing the country's mortgage industry by offering convenient payment facilities for potential buyers.

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.

Talaat Moustafa Group (TMG) Holding's unit the Arab Company for Projects and Urban Development has partnered with the National Bank of Egypt (NBE) and Banque Misr to develop projects in east Cairo's Rehab and Madinaty cities, at a total cost of EGP 4 bn.

Egypt-based developer IGI Real Estate has agreed on a loan facility from the National Bank of Egypt (NBE) to finance the construction of its flagship project in 6th of October City, named "Ashgar City," with the first tranche valued at EGP 600 mn.

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.

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.

The Egyptian Media Production City’s (EMPC) board has ratified the acquisition of the National Bank of Egypt's (NBE) stake in Arabian Hotel Media Production City Co. at EGP 115 per share