{"id":592753,"date":"2019-11-05T04:11:17","date_gmt":"2019-11-05T04:11:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/ora-developers-looking-to-borrow-egp-1-bn-from-six-banks\/"},"modified":"2019-11-05T04:11:17","modified_gmt":"2019-11-05T04:11:17","slug":"ora-developers-looking-to-borrow-egp-1-bn-from-six-banks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/ora-developers-looking-to-borrow-egp-1-bn-from-six-banks\/","title":{"rendered":"Ora Developers looking to borrow EGP 1 bn from six banks"},"content":{"rendered":"

Ora Developers is negotiating with six banks to borrow over EGP 1 bn to finance the first phase of its EGP 8 bn Zed project in Sheikh Zayed, CEO Haitham Abdel Azim tells Al Mal<\/a>. The banks include CIB, the National Bank of Egypt, and Banque Misr.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ora Developers is negotiating with six banks to borrow over EGP 1 bn to finance the first phase of its EGP 8 bn Zed project in Sheikh Zayed, CEO Haitham Abdel Azim tells Al Mal. The banks include CIB, the National Bank of Egypt, and Banque Misr.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,240,72,83,9395],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592753","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-cib","tag-enterpriseam","tag-real-estate","tag-zed","wpautop","entry"],"acf":{"mongo_id":"1368ccfa-a427-426c-89a9-0eda0a3ba2d6","is_powered_by":true,"section_story_id":"e70993d3-898f-4668-9b7c-b454174ad366","story_type":"1","photo_url":"","photo_position":"above","related_issue":[592721],"teaser":"","voice_url":""},"yoast_head":"\nOra Developers looking to borrow EGP 1 bn from six banks - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/ora-developers-looking-to-borrow-egp-1-bn-from-six-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ora Developers looking to borrow EGP 1 bn from six banks\" \/>\n<meta property=\"og:description\" content=\"Ora Developers is negotiating with six banks to borrow over EGP 1 bn to finance the first phase of its EGP 8 bn Zed project in Sheikh Zayed, CEO Haitham Abdel Azim tells Al Mal. The banks include CIB, the National Bank of Egypt, and Banque Misr.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/ora-developers-looking-to-borrow-egp-1-bn-from-six-banks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-05T04:11:17+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/ora-developers-looking-to-borrow-egp-1-bn-from-six-banks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/ora-developers-looking-to-borrow-egp-1-bn-from-six-banks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ora Developers looking to borrow EGP 1 bn from six banks\",\"datePublished\":\"2019-11-05T04:11:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/ora-developers-looking-to-borrow-egp-1-bn-from-six-banks\/\"},\"wordCount\":55,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"CIB\",\"EnterpriseAM\",\"real estate\",\"ZED\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/ora-developers-looking-to-borrow-egp-1-bn-from-six-banks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/05\/ora-developers-looking-to-borrow-egp-1-bn-from-six-banks\/\",\"name\":\"Ora Developers looking to borrow EGP 1 bn from six banks - 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PLUS: SODIC signs EGP 4.1 bn loan agreement with CIB, Banque Misr","author":"enterpriseam admin","date":"10 September 2024","format":false,"excerpt":"CIB contributed some EGP 4 bn to the overall funding","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2566.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629830,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/02\/oilex-to-borrow-egp-1-5-bn-from-banks-consortium-including-cib-and-nbe\/","url_meta":{"origin":592753,"position":2},"title":"Oilex to borrow EGP 1.5 bn from banks consortium including CIB and NBE","author":"enterpriseam admin","date":"2 April 2018","format":false,"excerpt":"Oil extraction company Oilex has reached an agreement which would see it borrow EGP 1.5 bn from a banking consortium that includes CIB, NBE, and Banque Misr, Al Shorouk reports. The company will use the loan to establish an EGP 2 bn industrial complex in Sadat City, which will include\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":576560,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/30\/palm-hills-closes-egp-1-25-bn-securitized-bond-sale-more-corporate-sukuk-issuance-on-the-way\/","url_meta":{"origin":592753,"position":3},"title":"Palm Hills closes EGP 1.25 bn securitized bond sale + more corporate sukuk issuance on the way","author":"enterpriseam admin","date":"30 November 2020","format":false,"excerpt":"Palm Hills (PHD) has closed a triple-tranche EGP 1.25 bn securitized bond issuance, in a transaction handled by CI Capital Investment Banking (CIIB) and the Arab African Bank, Palm Hills (pdf) and CI Capital (pdf) said in EGX filings. The issuance, backed by a receivables portfolio worth EGP 1.5 bn,\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/310.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594619,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/al-yosr-group-to-borrow-egp-1-1-bn-from-three-banks\/","url_meta":{"origin":592753,"position":4},"title":"Al Yosr Group to borrow EGP 1.1 bn from three banks","author":"enterpriseam admin","date":"2 September 2019","format":false,"excerpt":"Al Yosr Group has signed loan agreements with Banque du Caire (BdC), Suez Canal Bank (SCB) and the Industrial Development Bank (IDB) for a combined EGP 1.1 bn, sources told Al Shorouk. Al Yosr will borrow EGP 800 mn from BdC, EGP 200 mn from SCB and EGP 100 mn\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572407,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/23\/samcrete-looks-to-borrow-egp-1-7-bn-from-local-banks-to-work-on-new-cities\/","url_meta":{"origin":592753,"position":5},"title":"Samcrete looks to borrow EGP 1.7 bn from local banks to work on new cities","author":"enterpriseam admin","date":"23 June 2020","format":false,"excerpt":"Conglomerate Samcrete is in talks with two local banks to arrange a EGP 1.7 bn loan to finance its work in new cities, Al Mal reports, quoting sources with knowledge of the matter. 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