3 Days
Source:
بوابة الفجر
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Source: بوابة الفجر
3 Daysبوابة الفجر
Source: بوابة الفجر
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EFG Hermes acted as sole financial advisor and bookrunner for a $265 million financing package for ADDED Real Estate, a company within Sami Saad Holding Group, to support its growth plans in Egypt’s hospitality sector. The financing was provided by the European Bank for Reconstruction and Development, the International Finance Corporation, Emirates NBD Egypt and the National Bank of Egypt. The financing will fund the development of the new Grand Hyatt hotel, which will have more than 400 rooms and overlook the Grand Egyptian Museum and the Pyramids. It will also support the acquisition of Hyatt Regency Cairo West and Hyatt Centric Cairo West, the expansion of the group’s portfolio and the refinancing of its hotel debt.
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