{"id":627004,"date":"2018-07-17T03:48:03","date_gmt":"2018-07-17T03:48:03","guid":{"rendered":"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\/"},"modified":"2018-07-17T03:48:03","modified_gmt":"2018-07-17T03:48:03","slug":"efg-hermes-arranges-usd-18-mn-worth-of-loans-for-marakez-to-finance-new-residential-project-in-new-cairo","status":"publish","type":"post","link":"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\/","title":{"rendered":"EFG Hermes arranges USD 18 mn-worth of loans for Marakez to finance new residential project in New Cairo"},"content":{"rendered":"<p><strong>INVESTMENT WATCH- EFG Hermes arranges USD 18 mn-worth of loans for Marakez to finance new residential project in New Cairo:<\/strong> 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 <a href=\"http:\/\/almalnews.com\/Story\/382808\/11\/%C2%AB%D9%87%D9%8A%D8%B1%D9%85%D8%B3%C2%BB-%D8%AA%D9%8C%D8%B1%D8%AA%D8%A8-18-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%82%D8%B1%D9%88%D8%B6%D9%8B%D8%A7-%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%C2%AB%D9%85%D8%B1%D8%A7%D9%83%D8%B2%C2%BB-%D9%84%D9%84%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%A7%D9%84%D8%B9%D9%82%D8%A7%D8%B1%D9%89\">tell Al Mal<\/a>. The amount was secured through a number of international banks, whose names the sources refused to reveal, and will be used to finance Marakez\u2019s new residential development in New Cairo. Saudi\u2019s Alhokair Group had previously said it was planning to invest around EGP 15 bn in Egypt over the next three years to expand its Mall of Arabia brand with new commercial projects in Tanta, New Cairo, and the new administrative capital, in addition to completing the second phase of Mall of Arabia in Six October City, which includes a residential development that was the subject of a <a href=\"https:\/\/enterprise.press\/stories\/2016\/04\/24\/investment-minister-to-intercede-on-behalf-of-al-hokair-over-mall-of-arabia-expansion-dispute\/\">dispute with the New and Urban Communities Authority<\/a>. Marakez recently <a href=\"https:\/\/enterprise.press\/stories\/2018\/07\/04\/ikea-to-open-at-mall-of-arabia-by-2020\/\">signed an MoU<\/a> with Al Futtaim Misr for Retail to open an IKEA store at Mall of Arabia by 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. The amount was secured through a number [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627004","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"554bc393-c175-49fa-be98-52bcb80d63ac","order":"0","is_powered_by":true,"section_story_id":"9fc47c02-cfc7-4473-b02b-81d2211554a6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626991],"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>EFG Hermes arranges USD 18 mn-worth of loans for Marakez to finance new residential project in New Cairo - 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\/2018\/07\/17\/efg-hermes-arranges-usd-18-mn-worth-of-loans-for-marakez-to-finance-new-residential-project-in-new-cairo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes arranges USD 18 mn-worth of loans for Marakez to finance new residential project in New Cairo\" \/>\n<meta property=\"og:description\" content=\"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. The amount was secured through a number [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"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\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-17T03:48:03+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"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\/#article\",\"isPartOf\":{\"@id\":\"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\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFG Hermes arranges USD 18 mn-worth of loans for Marakez to finance new residential project in New Cairo\",\"datePublished\":\"2018-07-17T03:48:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"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\/\"},\"wordCount\":192,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"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\":\"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\/\",\"name\":\"EFG Hermes arranges USD 18 mn-worth of loans for Marakez to finance new residential project in New Cairo - 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The two-tranche transaction is part of a wider EGP 2.25 bn financing\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/202.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570489,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/02\/alhokairs-marakez-seeks-usd-135-mn-from-ifc-to-build-malls-in-egypt-pay-off-debt\/","url_meta":{"origin":627004,"position":1},"title":"AlHokair\u2019s Marakez seeks USD 135 mn from IFC to build malls in Egypt, pay off debt","author":"enterpriseam admin","date":"2 April 2020","format":false,"excerpt":"INVESTMENT WATCH- Marakez seeks USD 135 mn IFC loan to set up malls in Egypt, pay off debt: Marakez for Real Estate Investment is in talks with the International Finance Corporation (IFC) for a USD 135 mn loan to finance expansion plans in Egypt, the IFC said. Fawaz, Salman, and\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":597301,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/efg-hermes-has-a-lot-of-projects-in-the-pipeline\/","url_meta":{"origin":627004,"position":2},"title":"EFG Hermes has a lot of projects in the pipeline","author":"enterpriseam admin","date":"22 July 2019","format":false,"excerpt":"M&A WATCH- EFG Hermes named as adviser to FrieslandCampina in Arab Dairy acquisition: EFG Hermes will provide financial advice to Dutch company FrieslandCampina in its bid to acquire Egyptian cheese-maker Arab Dairy, Hapi Journal reported, citing unnamed sources. Sharkawy and Sarhan Law Firm will be the legal advisers to Friesland,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/efg-hermes-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597193,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/18\/efg-to-invest-usd-60-mn-in-education-pharma-acquisitions\/","url_meta":{"origin":627004,"position":3},"title":"EFG to invest USD 60 mn in education, pharma acquisitions","author":"enterpriseam admin","date":"18 July 2019","format":false,"excerpt":"INVESTMENT WATCH- EFG Hermes to invest USD 60 mn in education, pharma acquisitions: EFG Hermes is set to acquire schools in Cairo and Alexandria in a USD 30 mn transaction, and will invest another USD 30 mn in a transaction in the pharma sector, Private Equity Head Karim Moussa said\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/7\/efg-hermes-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573382,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/efg-closes-sale-of-7-stake-in-egypts-fawry-for-usd-50-mn\/","url_meta":{"origin":627004,"position":4},"title":"EFG closes sale of 7% stake in Egypt\u2019s Fawry for USD 50 mn","author":"enterpriseam admin","date":"4 August 2020","format":false,"excerpt":"INVESTMENT WATCH- EFG closes USD 50 mn sale of c.7% stake in Fawry: EFG Hermes closed last week the sale by existing shareholders of a combined c. 7% stake (50 mn shares) in EGX-listed e-payment company Fawry in a transaction worth USD 50 mn, according to a statement (pdf). The\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":550263,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/20\/valu-acquires-an-undisclosed-minority-stake-in-payments-app-kiwe\/","url_meta":{"origin":627004,"position":5},"title":"valU acquires an undisclosed minority stake in payments app Kiwe","author":"enterpriseam admin","date":"20 October 2022","format":false,"excerpt":"EFG Hermes\u2019 BNPL platform, valU, has acquired an undisclosed minority stake in fintech Kiwe, Kiwe CEO Fatma Ibrahim confirmed to Enterprise, following a company pressrelease(pdf). The e-payments startup counts our friends at EFG Hermes Finance, EFG EV Fintech, dFin Holding, and Marakez among its existing shareholders.What they said: \u201cThrough the\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/284.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627004","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=627004"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627004\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/626991"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=627004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=627004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=627004"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=627004"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=627004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}