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AT Lease obtains factoring license
AT Lease has received a final license to provide factoring services for SMEs, according to abourse disclosure (pdf). Tarek Fahmy…
BANKING + FINANCE
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BANKING + FINANCE
Ora Developers to obtain EGP 1 bn loan in 1Q2020 to finance Zed Towers
Naguib Sawiris’ Ora Developers intends to obtain a EGP 1 bn loan during this quarter to finance Zed Towers, CEO…
MIDOR completes USD 300 mn financing agreement
The Middle East Oil Refinery (Midor) has secured a USD 300 mn medium-term syndicated loan from CIB and Al Ahli…
Emirati company looking to establish microfinance unit in Egypt
A major Emirati company is considering launching a microfinancing arm in Egypt, Al Malreports, citing three sources familiar with the…
Monorail financing to be clear by end of June
International financial institutions interested in financing the Sixth of October City to Giza and Nasr City to the new administrative…
Misr Financial Investments to launch brokerage firm in coming months
Banque Misr’s investment arm, Misr Financial Investments, will launch a brokerage firm in the coming months, co-CEO and managing director…
FRA approves Beltone’s new financial leasing, mortgage finance arms
The Financial Regulatory Authority has approved Beltone Financial’s plans to establish financial leasing and mortgage finance subsidiaries, Beltone’s Director of…
NUCA borrows EGP 10 bn for infrastructure projects
The New Urban Communities Authority (NUCA) has borrowed EGP 10 bn from a consortium of banks to finance infrastructure projects,…
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