{"id":602495,"date":"2019-03-28T04:00:26","date_gmt":"2019-03-28T04:00:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/cib-aaib-to-arrange-egp-1-7-bn-for-wadi-degla-holdings\/"},"modified":"2019-03-28T04:00:26","modified_gmt":"2019-03-28T04:00:26","slug":"cib-aaib-to-arrange-egp-1-7-bn-for-wadi-degla-holdings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/cib-aaib-to-arrange-egp-1-7-bn-for-wadi-degla-holdings\/","title":{"rendered":"CIB, AAIB to arrange EGP 1.7 bn for Wadi Degla Holdings"},"content":{"rendered":"

Wadi Degla Holdings has reached an agreement with CIB and the Arab African International Bank to arrange a EGP 1.7 bn loan to finance Wadi Degla\u2019s Neopolis residential project in New Cairo\u2019s Mostakbal City, CEO Maged Helmy told the domestic press<\/a>.<\/p>\n

Correction: 29 March,<\/strong> 2019<\/em><\/p>\n

An earlier version of this article incorrectly said the value of the loan is EGP 1.7 mn. The loan is EGP 1.7 bn. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Wadi Degla Holdings has reached an agreement with CIB and the Arab African International Bank to arrange a EGP 1.7 bn loan to finance Wadi Degla\u2019s Neopolis residential project in New Cairo\u2019s Mostakbal City, CEO Maged Helmy told the domestic press. Correction: 29 March, 2019 An earlier version of this article incorrectly said the value […]<\/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":[430,2372,240,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602495","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-arab-african-international-bank","tag-banking-finance","tag-cib","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"c3d72888-4e0a-4271-9bc5-fb4ca325e1da","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602461],"teaser":"","voice_url":""},"yoast_head":"\nCIB, AAIB to arrange EGP 1.7 bn for Wadi Degla Holdings - 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\/03\/28\/cib-aaib-to-arrange-egp-1-7-bn-for-wadi-degla-holdings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB, AAIB to arrange EGP 1.7 bn for Wadi Degla Holdings\" \/>\n<meta property=\"og:description\" content=\"Wadi Degla Holdings has reached an agreement with CIB and the Arab African International Bank to arrange a EGP 1.7 bn loan to finance Wadi Degla\u2019s Neopolis residential project in New Cairo\u2019s Mostakbal City, CEO Maged Helmy told the domestic press. 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This was driven by a 43% rise in revenues, which increased to EGP 245 mn in 2018\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603428,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/","url_meta":{"origin":602495,"position":1},"title":"NUCA agrees with Egyptian banks on EGP 6 bn loan","author":"enterpriseam admin","date":"22 April 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has agreed with a banking consortium on a EGP 6 bn loan to meet \u201curgent\u201d financial needs, banking officials told Al Shorouk. The consortium includes the National Bank of Egypt, CIB, the Arab African International Bank, and the Housing & Development Bank. The loan\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":596368,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/marakez-gets-egp-1-5-bn-loan-from-5-banks-to-build-katameya-mall\/","url_meta":{"origin":602495,"position":2},"title":"Marakez gets EGP 1.5 bn loan from 5 banks to build Katameya mall","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"Real estate developer Marakez has agreed a EGP 1.5 bn syndicated loan with five banks to build a mall in Katameya, banking officials told Al Shorouk. 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":574107,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/","url_meta":{"origin":602495,"position":3},"title":"CIB, MNHD sign EGP 1.1 bn syndicated loan agreement","author":"enterpriseam admin","date":"30 August 2020","format":false,"excerpt":"Our friends at CIB will be leading a consortium to arrange a EGP 1.1 bn syndicated loan for Madinet Nasr Housing and Development (MNHD), MNHD said in a regulatory filing. The Arab Investment Bank, the Egyptian Gulf Bank, and the Union National Bank are also participating in the seven-year facility.\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":573693,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/","url_meta":{"origin":602495,"position":4},"title":"Faragalla Group secures EGP 995 mn syndicated loan from Egyptian banks","author":"enterpriseam admin","date":"13 August 2020","format":false,"excerpt":"Faragalla Group has signed a EGP 995 mn syndicated loan agreement with CIB, the Arab African Bank, and the National Bank of Qatar, Al Mal reports, citing unnamed sources familiar with the matter. The agreement covers a little less than half the EGP 2.05 bn in loans the company is\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":593301,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/cairo-3a-looking-for-egp-1-bn-loan-from-egyptian-banks\/","url_meta":{"origin":602495,"position":5},"title":"Cairo 3A looking for EGP 1 bn loan from Egyptian banks","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"Cairo 3A Poultry is in talks with local banks for a EGP 1 bn loan to finance its expansion plans once it finalizes the EGP 500 mn acquisition of Pyramid Poultry, sources close to the matter tell Al Mal. 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