{"id":627563,"date":"2018-06-05T04:12:34","date_gmt":"2018-06-05T04:12:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/mnhd-seeks-egp-1-bn-loan-from-cib-to-fund-taj-city-infrastructure-development\/"},"modified":"2018-06-05T04:12:34","modified_gmt":"2018-06-05T04:12:34","slug":"mnhd-seeks-egp-1-bn-loan-from-cib-to-fund-taj-city-infrastructure-development","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/mnhd-seeks-egp-1-bn-loan-from-cib-to-fund-taj-city-infrastructure-development\/","title":{"rendered":"MNHD seeks EGP 1 bn loan from CIB to fund Taj City infrastructure development"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>MNHD seeks EGP 1 bn loan from CIB to fund Taj City infrastructure development: <\/strong>Madinet Nasr Housing and Development (MNHD) will be seeking a EGP 1 bn medium-term loan from CIB to fund the development of a T-Zone and infrastructure at its Taj City project. The company\u2019s board of directors signed off on the facility yesterday, the company said in a regulatory filing <a href=\"http:\/\/almalnews.com\/Story\/378069\/11\/%D9%85%D8%AF%D9%8A%D9%86%D8%A9-%D9%86%D8%B5%D8%B1-%D9%84%D9%84%D8%A5%D8%B3%D9%83%D8%A7%D9%86-%D8%AA%D9%88%D8%A7%D9%81%D9%82-%D8%B9%D9%84%D9%89-%D9%82%D8%B1%D8%B6-%D8%A8%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D9%85%D9%86-%D8%A7%D9%84%D8%AA%D8%AC%D8%A7%D8%B1%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A\">picked up by Al Mal<\/a>. MNHD management is <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/20\/sodics-1q2018-sales-growth-driven-by-launch-of-cornerstone-of-future-recurring-income-portfolio\/\">currently in talks<\/a> with SODIC about a potential merger between the two real estate developers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MNHD seeks EGP 1 bn loan from CIB to fund Taj City infrastructure development: Madinet Nasr Housing and Development (MNHD) will be seeking a EGP 1 bn medium-term loan from CIB to fund the development of a T-Zone and infrastructure at its Taj City project. The company\u2019s board of directors signed off on the facility [&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-627563","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3d674f36-a2e3-4271-b0ca-e7f67056d406","order":"0","is_powered_by":true,"section_story_id":"c5c053a3-d094-4045-8856-09a192ea2524","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627550],"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>MNHD seeks EGP 1 bn loan from CIB to fund Taj City infrastructure development - 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\/06\/05\/mnhd-seeks-egp-1-bn-loan-from-cib-to-fund-taj-city-infrastructure-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MNHD seeks EGP 1 bn loan from CIB to fund Taj City infrastructure development\" \/>\n<meta property=\"og:description\" content=\"MNHD seeks EGP 1 bn loan from CIB to fund Taj City infrastructure development: Madinet Nasr Housing and Development (MNHD) will be seeking a EGP 1 bn medium-term loan from CIB to fund the development of a T-Zone and infrastructure at its Taj City project. The company\u2019s board of directors signed off on the facility [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/mnhd-seeks-egp-1-bn-loan-from-cib-to-fund-taj-city-infrastructure-development\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-05T04:12:34+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\/2018\/06\/05\/mnhd-seeks-egp-1-bn-loan-from-cib-to-fund-taj-city-infrastructure-development\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/mnhd-seeks-egp-1-bn-loan-from-cib-to-fund-taj-city-infrastructure-development\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MNHD seeks EGP 1 bn loan from CIB to fund Taj City infrastructure development\",\"datePublished\":\"2018-06-05T04:12:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/mnhd-seeks-egp-1-bn-loan-from-cib-to-fund-taj-city-infrastructure-development\/\"},\"wordCount\":98,\"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\/06\/05\/mnhd-seeks-egp-1-bn-loan-from-cib-to-fund-taj-city-infrastructure-development\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/mnhd-seeks-egp-1-bn-loan-from-cib-to-fund-taj-city-infrastructure-development\/\",\"name\":\"MNHD seeks EGP 1 bn loan from CIB to fund Taj City infrastructure development - 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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 &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":627703,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/10\/could-the-potential-sodic-mnhd-merger-come-in-the-form-of-a-share-swap\/","url_meta":{"origin":627563,"position":1},"title":"Could the potential SODIC-MNHD merger come in the form of a share swap?","author":"enterpriseam admin","date":"10 June 2018","format":false,"excerpt":"M&A WATCH- SODIC-MNHD to take the form of a share swap? It appears that the potential merger between our friends at SODIC and Madinet Nasr Housing and Development (MNHD) could take the form of a share swap, as it is \u201cthe path of least resistance,\u201d MNHD CEO Ahmed El Hitamy\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":569791,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/08\/mnhd-sells-land-plot-in-taj-city-to-minka-for-egp-1-15-bn\/","url_meta":{"origin":627563,"position":2},"title":"MNHD sells land plot in Taj City to Minka for EGP 1.15 bn","author":"enterpriseam admin","date":"8 March 2020","format":false,"excerpt":"MNHD sells land plot in Taj City to Minka for EGP 1.15 bn: Madinet Nasr Housing and Development (MNHD) has sold a 114.5k sqm land plot in its Taj City project to Sallam family-owned Minka Real Estate Investment for EGP 1.15 bn, according to a regulatory filing (pdf). Minka will\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":634198,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/09\/tmg-says-2017-sales-highest-since-2008-mnhd-gets-approval-for-taj-city\/","url_meta":{"origin":627563,"position":3},"title":"TMG says 2017 sales highest since 2008, MNHD gets approval for Taj City","author":"enterpriseam admin","date":"9 January 2018","format":false,"excerpt":"Talaat Moustafa Group Holdings announced what it says are its highest sales since 2008, saying in a note sent to the bourse that sales for 2017 clocked in at EGP 13.11 bn. The sales figure shows a 100.1% increase from 2016\u2019s tally of EGP 6.55 bn. TMG says the sales\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":636196,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/26\/mnhd-announces-record-pre-sales-of-egp-5-03-bn-in-2017\/","url_meta":{"origin":627563,"position":4},"title":"MNHD announces record pre-sales of EGP 5.03 bn in 2017","author":"enterpriseam admin","date":"26 December 2017","format":false,"excerpt":"Madinet Nasr Housing and Development (MNHD) said its pre-sales for 2017 reached \u201ca record\u201d EGP 5.03 bn, according to a bourse disclosure. The figure, which includes contracts and reservations reached the budgeted amount for the year and surpassed 2016\u2019s figure by 46%. \u201cThis was achieved primarily from the company\u2019s flagship\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":648357,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/egp-5-bn-in-contracted-sales-targeted-in-2017-mnhds-meet-the-board\/","url_meta":{"origin":627563,"position":5},"title":"EGP 5 bn in contracted sales targeted in 2017 -MNHD\u2019s \u201cMeet the Board\u201d","author":"enterpriseam admin","date":"2 April 2017","format":false,"excerpt":"Madinet Nasr for Housing and Development\u2019s (MNHD) is on track to achieve its target of EGP 5 bn in contracted sales in 2017, said CEO Ahmed El Hitamy at a \u201cMeet the Board\u201d event in Taj City in Cairo which we attended. 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