Cairo for Investment repaid LE100m loan to QNB

Updated 10/4/2018 11:05:56 AM

Cairo: Cairo for Investment & Real Estate Development company (CIRA) has completed the payment of all remaining sums from the total loan amount it received from Qatar National Bank, worth EGP 100 million.

The company said in a statement sent to the Egyptian Stock Exchange on Wednesday that the loan was used to finance its projects and was disclosed in accordance with the company's prospectus.

In addition to the University of Badr, the company owns real estate projects in the Mokattam area, as well as therapeutic facilities, investments in the trade of medical instruments, hospital equipment and petroleum services.