Marakez signs EGP 1.5 bn syndicated loan for Mall of Katameya construction

Mall developer Marakez has signed a EGP 1.5 bn syndicated loan agreement to finance the first phase of its planned Mall of Katameya in east Cairo, according to an emailed statement (pdf). The lending banks are Banque Misr, Banque du Caire, the Arab African International Bank, Misr Iran Development Bank, and the Arab International Bank.