MNHD signs EGP 300 mn loan agreement with AAIB to finance Sarai project

by enterpriseam adminAugust 29, 2019

Madinet Nasr Housing & Development (MNHD) has signed a EGP 300 mn short-term loan agreement with the Arab African International Bank, according to an EGX disclosure (pdf). MNHD plans to use the loan to finance its Sarai projects.

Tags:

Arab African International Bank BANKING + FINANCE debt Madinet Nasr Housing & Development real estate

More from Enterprise

The CBE is taking a tougher stance on regulation

Last summer, HSBC paid the CBE a EGP 1.4 bn…

Finance

Farmers aren’t borrowing to survive anymore — they’re investing

Medium-term loans rose more than 1k% to EGP 22.6 bn…

Capital Markets

Risk-off mode triggers a strategic pivot for EGX portfolio managers

Al Ahly Pharos is now advising clients to “hold incremental…

Fintech

NowPay lands in KSA with USD 20 mn JV with Tas’heel

KSA is witnessing “accelerating demand for modern payroll, HR, and…

Now Playing

00:00

Sections

About

Privacy & Support

Get EnterpriseAM daily

MNHD signs EGP 300 mn loan agreement with AAIB to finance Sarai project

Related