Banque Misr extends EGP 10bn financing to Founders Real Estate Marketing

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Banque Misr has agreed to provide EGP 10 billion in financing to Founders Real Estate Marketing, a subsidiary of Hyde Park Developments. The financing, with a tenor of up to eight years, will support the purchase and marketing of assets owned by Egypt’s New Urban Communities Authority.

Prime Minister Mostafa Madbouly witnessed the signing on Monday of financing agreements worth EGP 10bn between Banque Misr and Founders Real Estate Marketing, a subsidiary of Hyde Park Developments. The financing, with a tenor of up to eight years, will cover the purchase and marketing of assets owned by the New Urban Communities Authority (NUCA), […]