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AAIB takes 12.25% stake in Palm Hills Developments, appearing to buy out the Emirates’ Union Properties
M&A WATCH- AAIB takes 12.25% stake in Palm Hills Developments, appearing to buy out the Emirates’ Union Properties. Arab African…
Palm Hills seeks EGP 400 mn following debt restructuring to develop The Crown
Palm Hills Developments is reportedly in talks with seven banks to restructure its EGP 1.24 bn debt and borrow an…
MNHD signs EGP 2.1 bn loan agreement with NBE, AAIB and Banque Misr
Madinet Nasr Housing and Development has signed a EGP 2.1 bn long-term joint loan agreement with the National Bank of…
MNHD plans new EGP 2 bn securitized bond offering
DEBT WATCH- MNHD plans new EGP 2 bn securitized bond offering: Madinet Nasr for Housing and Development is considering issuing…
Cairo Cotton in talks to buy shares of Dice amid merger negotiations
M&A WATCH- Cairo Cotton wants Dice stake as part of takeover: Cairo CottonCenter is looking to purchase a share of…
Arab African Bank grants EGP 200 mn in credit facilities to Premium Int’l
The Arab African Bank granted credit facilities worth EGP 200 mn to PremiumInternational for Credit Services to develop the company’s…
AAIB looks for partners in EGP 2.1 bn syndicated loan for MNHD
The Arab African International Bank (AAIB) has approached several local banks to contribute to a EGP 2.1 bn loan it…
Evergrow to receive USD 150 mn loan to restructure debts
Egyptian fertilizer manufacturer Evergrow has reached an agreement with four local banks for a USD 150 mn loan to restructure…
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