Ora Developers looking to borrow EGP 1 bn from six banks

Ora Developers is negotiating with six banks to borrow over EGP 1 bn to finance the first phase of its EGP 8 bn Zed project in Sheikh Zayed, CEO Haitham Abdel Azim tells Al Mal. The banks include CIB, the National Bank of Egypt, and Banque Misr.