Arab Finance: Banque Misr has spearheaded a banking alliance, including EG Bank and Suez Canal Bank, to extend joint financing worth EGP 2.8 billion to Landmark Developments, as per an emailed press release.
The financing aims to cover part of the investment cost for the company’s integrated residential project, "STEI8HT," located in New Cairo City.
The STEI8HT project spans an area of approximately 375 feddans and is designed as a high-end residential community.
The legal advisor to the banks was Baker & Mckenzie.