Madinet Nasr to finalise loan agreement within two months
Madinet Nasr Housing (MNHD) expects to finalise the agreement with a number of banks within two months, with proceeds to be directed towards investments in Sarai and Tag Sultan. Interest on the loan will be set at 135bps above corridor, according to Mohamed Abdel-Salam, company CFO. The total amount to be raised for banks is set at EGP2.1bn
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