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NBE-Mabany EGP 975m deal

NBE-Mabany EGP 975m deal

The National Bank of Egypt has signed a five-year, EGP 975 million medium-term financing agreement with Mabany for Real Estate Investment (“Mabany Idris”) to help cover the costs of the KOUN project in Ras El Hekma, which the company is developing in partnership with Prime Smart. The company aims to accelerate construction and begin handing over the project ahead of schedule.

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