Rooya Group signs USD 2.25 bn loan agreement with AAIB, NBE

Rooya Group signed a one-year USD 2.25 bn syndicated loan agreement with the Arab African International Bank (AAIB) and the National Bank of Egypt (NBE) to fund projects in Ain Sokhna and the North Coast, among others, Al Borsa reports. AAIB contributed USD 1.85 bn of the loan, while NBE contributed the remaining USD 400 mn.