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Egyptian consumer finance firm Sarwa looks to set up transferable value fund
Sarwa Capital filed with the Financial Regulatory Authority (FRA) to set up a “transferable value” fund, a new type of…
BANKING + FINANCE
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BANKING + FINANCE
Damietta Furniture withdraws EGP 1 bn loan installment
Damietta Furniture City has drawn down EGP 1 bn of its EGP 1.5 bn syndicated facility taken out from a…
Mashreq Bank managing USD 360 mn loan for Evergrow’s fertilizer project in Sadat city
The UAE’s Mashreq Bank is reportedly arranging a USD 360 mn facility for Evergrow Speciality Fertilizers to restructure its debt…
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…
Central Bank of Egypt grants payment facilitator certification to Raya’s Aman
Raya Holding subsidiary Aman for e-payments has received approval from the Central Bank of Egypt (CBE) to become a certified…
Edita’s Morocco arm obtains USD 8.2 mn loan to fund new facility
Edita Food Industries’ Morocco-based subsidiary has acquired a MAD 80 mn (c. USD 8.24 mm) from the Arab Bank’s branch…
Central Bank of Egypt launches initiative to add 6.5k ATMs nationwide
The Central Bank of Egypt is helping banks to roll out 6.5k ATMs across the country as part of a…
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…
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