Upmarket real estate developer Sodic will now have an online payment gateway available for its clients after signing an agreement yesterday with AAIB, according to a company press release (pdf). Under the agreement, AAIB will set up the gateway to allow Sodic clients to pay for their home installments and other services online. Sodic subsidiary Soreal had signed a medium term facility package worth EGP 2.57 bn with AAIB earlier this year for the development of its Villette project in New Cairo.
More from Enterprise
HSBC says it’s committed to commercial, investment banking in Egypt amid reports it’s inching closer to exiting retail franchise
“HSBC is very committed to Egypt as a strategic market…
EGX kicks off first day of futures trading on the EGX
The rollout includes 3- and 6-month future contracts tracking the…
Fiscal pressures mount for Egypt as CDS levels rise
Good morning, friends. The situation in Egypt remains calm as…
Bahrain’s Beban eyes Egypt launch with equity crowdfunding model
Mohamed Aboulnaga’s Foras AI raises stake as Beban seeks FRA…