Al-Futtaim Group Real Estate tapped four banks for a EGP 1.2 bn syndicated loan to be used for debt restructuring, sources tell Al Mal. CIB, the Arab African International Bank, the National Bank of Abu Dhabi, and the Arab Bank form the consortium. EFG Hermes was Al-Futtaim’s financial advisor. The loan will be repaid over 10 years, and final contracts will be signed and liquidity provided before the end of 1Q17, sources said.

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