NON-BANK FINANCE

EFG Hermes signs EGP 750 mn sale + leaseback agreement with MNHD

EFG Hermes’ leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with Madinet Nasr for Housing and Development (MNHD), the two companies said in a statement (pdf) on Sunday. The agreement is for the sale and leaseback of MNHD’s Cobalt district in its Taj City development, MNHD head of investor…