Metropolitan Consulting arranges an EGP 100 million loan for a large tourism company in Luxor, said Khaled Nagaty, chairman of Metropolitan.
The loan will be used to finance the establishment and development of the tourism company’s buildings as well as its expansions, he added.
Nagaty revealed to Amwal Al Ghad that four banks submitted their offers to contribute to the loan, but they are currently being studied.
The company had earlier arranged US$ 12 million loans from Commercial International Bank (CIB) and HSBC Bank Egypt for SeaHarvest Petroleum Company and Environmental Solutions that financed their businesses.
Metropolitan Consulting provides financial and credit consultations to customers, mediates between defaulting borrowers and banks to reschedule non-performing loans and provides finances to small and medium-sized enterprises (SMEs) in collaboration with lending institution.