{"id":600775,"date":"2019-02-10T04:18:41","date_gmt":"2019-02-10T04:18:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/"},"modified":"2019-02-10T04:18:41","modified_gmt":"2019-02-10T04:18:41","slug":"al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/","title":{"rendered":"Al Marasem in talks with banks for EGP 1.6 bn Islamic finance"},"content":{"rendered":"<p>Al Marasem International for Development is in talks with several banks to get an EGP 1.6 bn Islamic loan to finance the construction of its \u201cFifth Square\u201d project in New Cairo,<a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=09022019&id=7555d486-8deb-4689-8e26-e0ef8fdbe272\">banking sources tell Al Shorouk<\/a>. The developer is also seeking a separate EGP 960 mn financing package to fund its construction works in the new administrative capital. Abu Dhabi Islamic Bank Egypt is advising and arranging the financing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Al Marasem International for Development is in talks with several banks to get an EGP 1.6 bn Islamic loan to finance the construction of its \u201cFifth Square\u201d project in New Cairo,banking sources tell Al Shorouk. The developer is also seeking a separate EGP 960 mn financing package to fund its construction works in the new [&hellip;]<\/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":[2372,72,7087,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600775","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-finance","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"5a8ad8a7-a04a-4ee1-aa42-7d72f8d912d2","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600737],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Al Marasem in talks with banks for EGP 1.6 bn Islamic finance - 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\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Marasem in talks with banks for EGP 1.6 bn Islamic finance\" \/>\n<meta property=\"og:description\" content=\"Al Marasem International for Development is in talks with several banks to get an EGP 1.6 bn Islamic loan to finance the construction of its \u201cFifth Square\u201d project in New Cairo,banking sources tell Al Shorouk. The developer is also seeking a separate EGP 960 mn financing package to fund its construction works in the new [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-10T04:18:41+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\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Marasem in talks with banks for EGP 1.6 bn Islamic finance\",\"datePublished\":\"2019-02-10T04:18:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/\"},\"wordCount\":78,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\",\"Finance\",\"real estate\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/\",\"name\":\"Al Marasem in talks with banks for EGP 1.6 bn Islamic finance - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-02-10T04:18:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Al Marasem in talks with banks for EGP 1.6 bn Islamic finance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Al Marasem in talks with banks for EGP 1.6 bn Islamic finance - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/","og_locale":"en_US","og_type":"article","og_title":"Al Marasem in talks with banks for EGP 1.6 bn Islamic finance","og_description":"Al Marasem International for Development is in talks with several banks to get an EGP 1.6 bn Islamic loan to finance the construction of its \u201cFifth Square\u201d project in New Cairo,banking sources tell Al Shorouk. The developer is also seeking a separate EGP 960 mn financing package to fund its construction works in the new [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-02-10T04:18:41+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Al Marasem in talks with banks for EGP 1.6 bn Islamic finance","datePublished":"2019-02-10T04:18:41+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/"},"wordCount":78,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["BANKING + FINANCE","EnterpriseAM","Finance","real estate"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/","name":"Al Marasem in talks with banks for EGP 1.6 bn Islamic finance - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2019-02-10T04:18:41+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/10\/al-marasem-in-talks-with-banks-for-egp-1-6-bn-islamic-finance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Al Marasem in talks with banks for EGP 1.6 bn Islamic finance"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":596234,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/al-marasem-eyes-banque-misr-to-become-lead-arranger-for-egp-2-bn-islamic-loan\/","url_meta":{"origin":600775,"position":0},"title":"Al Marasem eyes Banque Misr to become lead arranger for EGP 2 bn Islamic loan","author":"enterpriseam admin","date":"21 August 2019","format":false,"excerpt":"Real estate player Al Marasem International is in talks with Banque Misr to have it act as the lead arranger for a EGP 1.5-2 bn Islamic loan to fund its work in the new administrative capital, banking sources said, according to Al Mal. The state-owned bank approached a number of\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":573072,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/19\/banque-misr-arranges-4-loans-worth-egp-3-6-bn-pounds-for-al-marasem-developments\/","url_meta":{"origin":600775,"position":1},"title":"Banque Misr arranges 4 loans worth EGP 3.6 bn pounds for Al Marasem developments","author":"enterpriseam admin","date":"19 July 2020","format":false,"excerpt":"Banque Misr has arranged four shariah-compliant syndicated facilities worth EGP 3.6 bn for Al Marasem International Development for projects in the new administrative capital and Suez, Al Shoroukreports, citing unnamed informed sources. The state-owned bank has a 40% share in the first three of the loans, the sources said, adding\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":601563,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/seven-banks-agree-to-lend-al-marasem-egp-1-6-bn-for-new-cairo-project\/","url_meta":{"origin":600775,"position":2},"title":"Seven banks agree to lend Al Marasem EGP 1.6 bn for New Cairo project","author":"enterpriseam admin","date":"4 March 2019","format":false,"excerpt":"Seven banks have agreed to provide a EGP 1.6 bn Islamic loan to Al Marasem International for Development to finance the construction of its \u201cFifth Square\u201d project in New Cairo, sources told Hapi Journal. The loan will be extended over a six or seven-year period, and the company is expected\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":573236,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/egyptian-steel-in-talks-to-obtain-egp-2-bn-in-islamic-financing\/","url_meta":{"origin":600775,"position":3},"title":"Egyptian Steel in talks to obtain EGP 2 bn in Islamic financing","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"The Egyptian Steel Group is seeking EGP 2 bn in shariah-compliant funding to increase its working capital and finance the expansion of its factories in Port Said and Ain Sokhna, Al Shorouk reports, citing unnamed sources close to the matter.","rel":"","context":"In &quot;Banking + Finance&quot;","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":571656,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/al-marasem-reportedly-seeking-egp-700-mn-facility-for-new-cairo-hospital-medical-labs\/","url_meta":{"origin":600775,"position":4},"title":"Al Marasem reportedly seeking EGP 700 mn facility for New Cairo hospital, medical labs","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"Al Marasem International Development is reportedly in the market for EGP 700 mn to finance part of a planned EGP 1.5 bn project to build a hospital and medical labs in New Cairo, Al Shorouk reports, quoting anonymous banking sources.","rel":"","context":"In &quot;Banking + Finance&quot;","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":593389,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/26\/evergrow-in-talks-with-egyptian-banks-to-restructure-egp-8-bn-in-loans-facilities\/","url_meta":{"origin":600775,"position":5},"title":"Evergrow in talks with Egyptian banks to restructure EGP 8 bn in loans, facilities","author":"enterpriseam admin","date":"26 November 2019","format":false,"excerpt":"Evergrow Specialty Fertilizers is in talks with a local banking consortium to restructure EGP 8 bn in loans and credit facilities, and is looking to get better terms and a lower interest margin on the loans, unnamed sources tell Al Mal. The consortium includes the National Bank of Egypt, Banque\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=600775"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600775\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600737"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600775"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600775"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}