Home Feature Egypt’s Madinet Nasr Housing to secure credit facility from United Bank

Egypt’s Madinet Nasr Housing to secure credit facility from United Bank

by Amwal Al Ghad English
Egypt's Madinet Nasr for Housing and Development Company

Egypt’s state-owned Madinet Nasr for Housing and Development’s board endorsed on Thursday a credit facility worth 150 million Egyptian pounds ($9.3 million) secured by The United Bank to finance the working capital and renew the letters of indemnity.

The board also approved signing a participation contract with Taj City to develop a land plot.

Source: Arab Finance

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