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Palm Hills signs EGP 365 mn loan with BM, AAIB to finance Hacienda Bay
Real estate developer Palm Hills Developments has signed a EGP 365 mn loan agreement with Banque Misr and the Arab…
Banking + Finance
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Qasatli, EFG Hermes sign contract to issue EGP 1.8 bn securitized bonds for Amer’s Porto and Mansour groups
EFG Hermes and newly set-up mortgage finance company Qasatli have signed an agreement to issue EGP 1.8 bn-worth of five-year…
Samcrete looks to borrow EGP 1.7 bn from local banks to work on new cities
Conglomerate Samcrete is in talks with two local banks to arrange a EGP 1.7 bn loan to finance its work…
El Sisi ratifies EUR 1 bn loan agreement for Transmashholding railcar purchase
President Abdel Fattah El-Sisi ratified a financing agreement signed in December of last year for the government’s purchase of 1,300…
AfreximBank could give Egypt’s banks up to USD 750 mn of credit facilities
AfreximBank is looking at extending USD 500-750 mn worth of credit facilities to local state-owned and private banks to help…
Elsewedy Electric eyes EGP 800 mn-1 bn loan for 6 October Dry port
Elsewedy Electric is in talks with local banks to arrange a loan between EGP 800 mn and EGP 1 bn…
FRA allows Mubasher to offer valuation services
The Financial Regulatory Authority has licensed Mubasher Capital Holding’s advisory arm to begin selling corporate valuation studies to its clients…
Al Ezz Dekheila Steel in talks with local banks for EGP 3 bn loan to finance working capital
Al Ezz Dekheila Steel is in talks with local banks for an EGP 3 bn facility to finance working capital,…
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