Al Baraka Bank, DMC ink EGP 350M deal to finance Mountain View 1 Extension

Updated 4/3/2023 2:08:00 PM
Al Baraka Bank, DMC ink EGP 350M deal to finance Mountain View 1 Extension

Arab Finance: Al Baraka Bank Egypt has signed an EGP 350 million financing agreement with Dar Al-Mimar Construction (DMC) to fund the Mountain View 1 Extension project in New Cairo, according to an emailed press release on April 3rd.

This move comes in line with the bank’s strategy of supporting the real estate sector and financing major companies and institutions as per the directives of the Central Bank of Egypt (CBE).

The agreement was signed by CEO and Vice Chairman of Al Baraka Bank Egypt Hazem Hegazy and Chairman of DMC Sharaf Eldin Ahmed.