Arab Finance: Roya Holding Company has obtained a loan worth EGP 5.6 billion from a local banking alliance to bolster construction works across the company’s diverse projects spanning New Cairo, the North Coast, and the Red Sea, Asharq Business reported.

Additionally, the loan is intended to fortify the company's financing structure and back its ambitious growth plans.

The lending process was spearheaded by the Arab African International Bank (AAIB) and the National Bank of Egypt (NBE), serving as the financial advisor and primary arranger, respectively.

HSBC Egypt, Arab Bank, the Societe Arabe Internationale De Banque (SAIB), EG Bank, aiBANK, and Suez Canal Bank also participated in facilitating the loan.

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