Four leasing firms plan multi-million-pound loan for Egyptian property developer
Published Tuesday, 07 March 2017 15:14 | Written by Mohamed Hamdy & Sayed Badr
A consortium of four Egyptian leasing firms is arranging a syndicating financing worth 450 million Egyptian pounds ($25.6 million) for a local property developer.
The financing will be directed for some construction works in the property developer’s various projects, a senior source from one of the leasing firms told Amwal Al Ghad on Tuesday.
The four leasing firms are International Company for Leasing (Incolease), A.T. LEASE, Taamir Leasing Co. - Al Oula, and the Arab African International Leasing.