Egypt’s Metropolitan Secures EGP260mn Finance with 2 Banks for Real Estate Firm

Metropolitan Consulting (S.A.E) obtained an initial approval from the Commercial International Bank (CIB) and the United bank to finance one of real estate’s investment firm with EGP260 million.

CEO & Managing Director at Metropolitan Mr. Khaled Nagaty said the two banks initially approved to finance the firm expecting that the final approval will be taken by the upcoming period.

Metropolitan focuses on providing finance for small and medium enterprises SMEs, Nagaty noted.

Furthermore, Metropolitan will hold a conference in order to review the key challenges of the sector and the available opportunities in cooperation with the International Federation of Small and Medium Enterprises (IFOSME) and the Egyptian financial institutions.