Compass Capital-owned real estate developer Bonyan for Development and Trade has secured a seven-year EGP 700 mn Islamic financing loan from Banque Misr and BM Lease, the state-owned bank said in a statement. The funds will be used to complete the company’s Walk of Cairo project, an outdoor complex in Sheikh Zayed, launched in 2019. Banque Misr is providing EGP 650 mn, while BM Lease is lending the remaining EGP 50 mn.

Advisors: Panther Associates acted as financial advisor to Bonyan on the transaction.

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