{"id":595341,"date":"2019-09-23T04:27:49","date_gmt":"2019-09-23T04:27:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/nbe-to-arrange-joint-egp-1-bn-loan-for-secon\/"},"modified":"2019-09-23T04:27:49","modified_gmt":"2019-09-23T04:27:49","slug":"nbe-to-arrange-joint-egp-1-bn-loan-for-secon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/nbe-to-arrange-joint-egp-1-bn-loan-for-secon\/","title":{"rendered":"NBE to arrange joint EGP 1 bn loan for SECON"},"content":{"rendered":"

The National Bank of Egypt (NBE) aims to arrange a EGP 1 bn joint loan for the Saudi Egyptian Company for Development (SECON<\/a>), banking sources told Al Shorouk<\/a> without naming the other parties involved. The company, formerly known as the Saudi Egyptian Construction Company, will use the loan to fund part of its EGP 3.5 bn Nile Towers project along Corniche El Maadi. NBE and Banque Misr had loaned SECON EGP 600 mn in 2016 for the same project. The company aims to increase its investment in Egypt\u2019s real estate market by an additional EGP 5 bn in the coming three years.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Bank of Egypt (NBE) aims to arrange a EGP 1 bn joint loan for the Saudi Egyptian Company for Development (SECON), banking sources told Al Shorouk without naming the other parties involved. The company, formerly known as the Saudi Egyptian Construction Company, will use the loan to fund part of its EGP 3.5 […]<\/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":[204,2372,72,7087,248,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595341","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-enterpriseam","tag-finance","tag-national-bank-of-egypt","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"e0ff1dfc-d0f5-4425-8cee-56863cb73371","is_powered_by":true,"section_story_id":"88787612-383a-46d0-bd02-b0a7d10fe42e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595308],"teaser":"","voice_url":""},"yoast_head":"\nNBE to arrange joint EGP 1 bn loan for SECON - 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\/09\/23\/nbe-to-arrange-joint-egp-1-bn-loan-for-secon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE to arrange joint EGP 1 bn loan for SECON\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt (NBE) aims to arrange a EGP 1 bn joint loan for the Saudi Egyptian Company for Development (SECON), banking sources told Al Shorouk without naming the other parties involved. 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The company will use the loan to fund part of its EGP 3.5 bn\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":595095,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/secon-to-invest-egp-5-bn-in-egypts-real-estate-over-coming-3-years\/","url_meta":{"origin":595341,"position":1},"title":"SECON to invest EGP 5 bn in Egypt\u2019s real estate over coming 3 years","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"The Saudi Egyptian Company for Development (SECON), formerly known as the Saudi Egyptian Construction Company, aims to expand its investment in Egypt\u2019s real estate market to EGP 9 bn within three years, up from EGP 4 bn currently, CEO Mohamed El-Taher told Al Shorouk. The company, which aims to become\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599859,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/","url_meta":{"origin":595341,"position":2},"title":"NBE looks to arrange EGP 2.4 bn syndicated loan for EGPC","author":"enterpriseam admin","date":"13 January 2019","format":false,"excerpt":"The National Bank of Egypt is in talks with local banks to arrange a EGP 2.4 bn syndicated loan for the Egyptian General Petroleum Company (EGPC), banking sources told Al Shorouk. The loan, which includes a USD-denominated tranche, will be used to develop the EGPC\u2019s oil wells.","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":648873,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/13\/secon-to-spend-egp-3-5-bn\/","url_meta":{"origin":595341,"position":3},"title":"SECON to spend EGP 3.5 bn","author":"enterpriseam admin","date":"13 April 2017","format":false,"excerpt":"The Saudi Egyptian Construction Company (SECON) plans to spend EGP 3.5 bn in 2017, SECON CEO Darwish Hassanein tells Amwal Al Ghad. EGP 1.2 bn will be spent on the SECON Nile Towers project. He added that the company plans to complete development of homes in the project this year,\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570253,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/24\/marseilia-group-to-obtain-egp-1-bn-loan-from-nbe-to-quickly-finish-projects\/","url_meta":{"origin":595341,"position":4},"title":"Marseilia Group to obtain EGP 1 bn loan from NBE to quickly finish projects","author":"enterpriseam admin","date":"24 March 2020","format":false,"excerpt":"Marseilia Group is looking to arrange a EGP 1 bn loan from the National Bank of Egypt to accelerate the construction of ongoing and upcoming projects, Chairman Sherif Heliw said, according to Hapi Journal.","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":574406,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/08\/nbe-bdc-arrange-egp-3-bn-to-egyptair\/","url_meta":{"origin":595341,"position":5},"title":"NBE, BdC arrange EGP 3 bn to EgyptAir","author":"enterpriseam admin","date":"8 September 2020","format":false,"excerpt":"The National Bank of Egypt (NBE) will provide EGP 1.8 bn of a 10-year, EGP 3 bn loan to EgyptAir being arranged by Banque du Caire, with BdC covering the remainder, Al Mal reports. 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