Marakez signs EGP 670 loan agreement with local banks for Mall of Katameya

Fawaz AlHokair Group’s mall development company Marakez has signed a EGP 670 mn syndicated loan agreement with local banks to finance phase two of Mall of Katameya in east Cairo. Each of Banque Misr, Banque du Caire (BdC), an the Arab African International Bank contributed an equal share of the loan arrangement, which covers 50% of the EGP 1.34 bn second phase, BdC Chairman Tarek Fayed said, according to Masrawy.