Banking + Finance

MNHD signs EGP 2.1 bn loan agreement with NBE, AAIB and Banque Misr

by enterpriseam adminEgypt Edition12 May 2020

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Madinet Nasr Housing and Development has signed a EGP 2.1 bn long-term joint loan agreement with the National Bank of Egypt, the Arab African International Bank and Banque Misr, the local press reports. The loan will be used to partially finance MNHD’s Saray 1 and Saray 2 real estate projects and restructure debts owed to AAIB.

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Arab African International Bank BANKING + FINANCE Banque Misr debt Madinet Masr for Housing and Development National Bank of Egypt real estate

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