{"id":592939,"date":"2019-11-12T04:21:15","date_gmt":"2019-11-12T04:21:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/marakez-signs-egp-395-mn-loan-with-emirates-nbd-egypt-for-new-ikea-store\/"},"modified":"2019-11-12T04:21:15","modified_gmt":"2019-11-12T04:21:15","slug":"marakez-signs-egp-395-mn-loan-with-emirates-nbd-egypt-for-new-ikea-store","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/marakez-signs-egp-395-mn-loan-with-emirates-nbd-egypt-for-new-ikea-store\/","title":{"rendered":"Marakez signs EGP 395 mn loan with Emirates NBD Egypt for new Ikea store"},"content":{"rendered":"

Fawaz AlHokair Group\u2019s Marakez has signed a EGP 395 mn long-term loan agreement with Emirates NBD Egypt to finance a 20k sqm Ikea store at Mall of Arabia, NBD corporate banking head Amr Azab said<\/a>. Marakez inked a long-term lease agreement last December<\/a> with Al Futtaim Misr for Retail, which holds the franchise for the Swedish furniture retailer, to open an Ikea store in its flagship mall. A smaller outlet opened its doors earlier this year to serve customers until the large store debuts in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fawaz AlHokair Group\u2019s Marakez has signed a EGP 395 mn long-term loan agreement with Emirates NBD Egypt to finance a 20k sqm Ikea store at Mall of Arabia, NBD corporate banking head Amr Azab said. Marakez inked a long-term lease agreement last December with Al Futtaim Misr for Retail, which holds the franchise for the […]<\/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":[2372,72,1485,895,83,338],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592939","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-ikea","tag-marakez","tag-real-estate","tag-retail","wpautop","entry"],"acf":{"mongo_id":"f3a119b3-7112-4482-b388-ba00696a0d2c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[592902],"teaser":"","voice_url":""},"yoast_head":"\nMarakez signs EGP 395 mn loan with Emirates NBD Egypt for new Ikea store - 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\/12\/marakez-signs-egp-395-mn-loan-with-emirates-nbd-egypt-for-new-ikea-store\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marakez signs EGP 395 mn loan with Emirates NBD Egypt for new Ikea store\" \/>\n<meta property=\"og:description\" content=\"Fawaz AlHokair Group\u2019s Marakez has signed a EGP 395 mn long-term loan agreement with Emirates NBD Egypt to finance a 20k sqm Ikea store at Mall of Arabia, NBD corporate banking head Amr Azab said. 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Fawaz AlHokair Group\u2019s Marakez inked a long-term lease agreement with Al Futtaim Misr\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":605122,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/west-cairo-is-getting-an-ikea-as-marakez-al-futtaim-ink-agreement\/","url_meta":{"origin":592939,"position":2},"title":"West Cairo is getting an Ikea as Marakez, Al Futtaim ink agreement","author":"enterpriseam admin","date":"23 December 2018","format":false,"excerpt":"EXCLUSIVE- West Cairo is getting an Ikea. Fawaz AlHokair Group\u2019s Marakez has inked a long-term lease agreement with Al Futtaim Misr for Retail to open a 20k sqm Ikea store at Mall of Arabia in West Cairo, according to a statement (pdf). The outlet will be the second in Egypt\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/12\/807.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594565,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/01\/marakez-signs-egp-1-5-bn-syndicated-loan-for-mall-of-katameya-construction\/","url_meta":{"origin":592939,"position":3},"title":"Marakez signs EGP 1.5 bn syndicated loan for Mall of Katameya construction","author":"enterpriseam admin","date":"1 September 2019","format":false,"excerpt":"Mall developer Marakez has signed a EGP 1.5 bn syndicated loan agreement to finance the first phase of its planned Mall of Katameya in east Cairo, according to an emailed statement (pdf). 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Banque Misr was the lead arranger of the loan, with Banque du Caire, CIB, the Arab African International Bank, and Misr Iran Development Bank\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":627004,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/17\/efg-hermes-arranges-usd-18-mn-worth-of-loans-for-marakez-to-finance-new-residential-project-in-new-cairo\/","url_meta":{"origin":592939,"position":5},"title":"EFG Hermes arranges USD 18 mn-worth of loans for Marakez to finance new residential project in New Cairo","author":"enterpriseam admin","date":"17 July 2018","format":false,"excerpt":"INVESTMENT WATCH- EFG Hermes arranges USD 18 mn-worth of loans for Marakez to finance new residential project in New Cairo: EFG Hermes has reportedly arranged USD 18 mn-worth of loans for Al Hokair Group\u2019s Marakez for Real Estate Investment, sources with knowledge of the matter tell Al Mal. 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