{"id":700992,"date":"2026-05-11T00:00:00","date_gmt":"2026-05-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=700992"},"modified":"2026-05-11T03:05:20","modified_gmt":"2026-05-11T03:05:20","slug":"andalusia-health-gets-a-booster-shot-from-banque-misr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/11\/andalusia-health-gets-a-booster-shot-from-banque-misr\/","title":{"rendered":"Andalusia Health gets a booster shot from Banque Misr"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Andalusia Health<\/strong><strong> secured an eight-year, c.EGP 643 mn <\/strong><strong>dual-currency loan<\/strong><strong> from Banque Misr to fund the expansion of its Maadi hospital<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/461.pdf\" style=\"\">statement (pdf)<\/a>. The package includes an EGP 300 mn tranche and USD 6.5 mn (c.EGP 343 mn) facility, earmarked to fund a 70-bed addition to the hospital.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> Healthcare is a high-growth, defensive sector that remains a favorite for local lenders. The loan\u2019s dual-currency structure allows Andalusia to secure the USD needed for imported specialized medical equipment while covering its local construction costs in EGP, as the group looks to better manage its <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/issues\/the-old-capital-gains-tax-might-be-restored\/#596626\" style=\"\">USD 1 bn in assets under management<\/a>.<\/p>\n<p class=\"tag-border-left\">The Oberoi Sahl Hasheesh has a new owner <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have a name for the mystery buyer behind the massive Sahl <\/strong><strong>Hasheesh<\/strong><strong> divestment.<\/strong> Hospitality giant PickAlbatros snapped up the Oberoi Beach Resort and its surrounding 800k sqm land bank in an EGP 3.8 bn allcash transaction, the <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/131996\/%D8%A8%D9%8A%D9%83-%D8%A7%D9%84%D8%A8%D8%A7%D8%AA%D8%B1%D9%88%D8%B3-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%AD%D9%88%D8%B0-%D8%B9%D9%84%D9%89-%D9%85%D9%86%D8%AA%D8%AC%D8%B9-%D8%A3%D9%88%D8%A8%D8%B1%D9%88%D9%8A-%D8%A8%D9%8A%D8%AA%D8%B4\/\" style=\"\">Arabic press<\/a> reports. Owned by b\u2019naire Kamel Abou Aly, the group acquired the Red Sea properties from subsidiaries of the Export Development Bank of Egypt (EBank), in line with the goal of deploying its targeted USD 200 mn investment pipeline for this year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER-<\/strong> EBank initially announced the divestment back in <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/490.pdf\" style=\"\">August 2025 (pdf)<\/a>, but kept the buyer\u2019s identity under wraps. The lender\u2019s subsidiaries cleanly offloaded their Sahl Hasheesh stakes at a solid premium <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/491.pdf\" style=\"\">back in February (pdf)<\/a>, securing an EGP 3.8 bn final price against a fair value assessment of EGP 3.3 bn.<\/p>\n<p class=\"tag-border-left\">Baraka moves to swallow Tawfeeq Leasing <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Baraka Bank\u2019s shareholders signed off on its plans to launch a <\/strong><strong>mandatory<\/strong> <strong>tender offer for up to 90% of Al Tawfeeq Leasing (AT Lease)<\/strong> via share swap with nocash option, it said in <a target=\"_blank\" href=\"https:\/\/ent.news\/internal\/116876.pdf\" style=\"\">a bourse filing (pdf)<\/a>. The transaction values Al Baraka at EGP 26 per share and AT Lease at EGP 4.99 apiece, maintaining a swap ratio of 0.19 Al Baraka shares for every AT Lease share. The acquisition will see Al Baraka issue up to 63.2 mn new shares to AT Lease shareholders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> This acquisition has been brewing since <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/10\/06\/al-baraka-eyes-majority-stake-in-al-tawfeek-leasing-through-share-swap-mto\/\" style=\"\">last October<\/a>, when the bank notified the Financial Regulatory Authority of its intention to raise its existing 7.6% holding in the leasing firm. <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/29\/al-baraka-gets-more-time-to-submit-mto-for-at-lease-majority\/\" style=\"\">In December<\/a>, it was granted a 60-day extension to formally submit its tender.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: PickAlbatros revealed as buyer of EGP 3.8 bn Sahl Hasheesh asset<\/p>\n","protected":false},"author":1,"featured_media":700993,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[1156,111,576,7106,1909,72,76,7115,9068,7128,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-700992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-al-baraka-bank","tag-also-on-our-radar","tag-banque-misr","tag-debt","tag-ebank","tag-enterpriseam","tag-financial-regulatory-authority","tag-healthcare","tag-ma","tag-ma-watch","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"73cfba59-3263-4f78-a927-316e1ca99f63","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/1480.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Andalusia Health gets a booster shot from Banque Misr","related_issue":[700973],"teaser":"Plus: PickAlbatros revealed as buyer of EGP 3.8 bn Sahl Hasheesh asset"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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CIB, Banque du Caire, and Arab African International Bank will provide USD 30 mn each, and the remaining USD 10 mn will be\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578632,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/newly-introduced-25-cds-see-massive-demand-in-first-two-days-big-two-bag-usd-700-mn-facility\/","url_meta":{"origin":700992,"position":1},"title":"Newly introduced 25% CDs see massive demand in first two days + Big Two bag USD 700 mn facility","author":"enterpriseam admin","date":"9 January 2023","format":false,"excerpt":"The newly released 25% certificates of deposit have raked in almost EGP 100 bn in a matter of days \u2014 and the two state banks offering them have reportedly secured a major loan to meet local demand for hard currency.Savers poured nearly EGP 100 bn into newly introduced record-high yield\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/113.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596626,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/saudis-andalusia-aims-to-invest-egp-1-bn-in-new-egypt-hospitals\/","url_meta":{"origin":700992,"position":2},"title":"Saudi\u2019s Andalusia aims to invest EGP 1 bn in new Egypt hospitals","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"INVESTMENT WATCH- Saudi\u2019s Andalusia for Medical Services plans to invest EGP 1 bn in building two hospitals in Egypt, CEO Hazem Zagzoug told Prime Minister Mostafa Madbouly yesterday, according to a Cabinet statement. 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