Banking + Finance

Banque Misr could provide EGP 6.6 bn in sharia compliant loans to seven real estate developers

by enterpriseam adminEgypt Edition5 November 2020

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Banque Misr could provide EGP 6.6 bn in sharia-compliant loans to seven real estate developers, Al Shorouk reports, citing unnamed banking sources. The loans include EGP 1 bn for Badr El Din Real Estate Investment to develop residential housing in New Cairo, Sheikh Zayed and the North Coast, and another EGP 400 mn facility for an unnamed Amer Group subsidiary.

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Amer Group BANKING + FINANCE Banque Misr Islamic finance real estate

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