Egyptian Arab Land Bank secures 200 mln pounds to Al Morshedy’s Project

State-owned Egyptian Arab Land Bank (EALB) has signed a 200 million Egyptian pounds loan in favour of  Memaar Al Morshedy in cooperation with Banque Misr’s financial leasing company, Chairman Amr Kamal said.

He added that the bank’s share in the loan mounted to 175 million pounds in order to new real estate project.

Kamal further noted that the bank is negotiating regarding a bunch of loans and facilities of 3 billion Egyptian pounds in favour of companies operating in steel industry, silos, fertilizers and a famous food retailer chain.