MNHD seeks EGP 1 bn loan from CIB to fund Taj City infrastructure development: Madinet Nasr Housing and Development (MNHD) will be seeking a EGP 1 bn medium-term loan from CIB to fund the development of a T-Zone and infrastructure at its Taj City project. The company’s board of directors signed off on the facility yesterday, the company said in a regulatory filing picked up by Al Mal. MNHD management is currently in talks with SODIC about a potential merger between the two real estate developers.

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