Banque Misr led a banking consortium to arrange and grant long-term co-financing amounting to EGP 2.54bn, for the Zed Sheikh Zayed project. The co-financing went towards part of the investment costs needed to implement the first and second phase of the 165 feddan development.
Banque Misr completed the arrangement, financing, and participation in nearly 10 financing operations, worth a total of about EGP 86.3bn, in the first nine months (9M) of 2020.
The bank’s share in these operations amounted to about EGP 33.7bn. In a statement on Wednesday, the bank said that its activities during the period come as the culmination of its role.
It added that it has obtained many international awards that confirm its excellent performance and strong financial results. These activities are also a continuation of its intensive marketing plans to attract new customers and financing operations.
Banque Misr led a banking consortium to arrange and grant long-term co-financing amounting to EGP 2.54bn, for the Zed Sheikh Zayed project. The co-financing went towards part of the investment costs needed to implement the first and second phase of the 165 feddan development.
Read More: https://dailynewsegypt.com/2020/12/02/banque-misr-arranges-10-financing-operations-worth-egp-86-3bn-in-9m-2020/
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