EFG Holding’s subsidiary eyes securing $50M loan in H1 2024

Updated 2/18/2024 12:56:00 PM
EFG Holding’s subsidiary eyes securing $50M loan in H1 2024

Arab Finance: EFG Corp-Solutions, a subsidiary of EFG Holding, is seeking to secure a loan worth $50 million within the first half (H1) of 2024, the firm’s CEO Talal El Ayat told Asharq Business.

The loan will be directed toward the investors who run projects abroad in the tourism, oil, and real estate sectors, El Ayat noted.

He added that the company’s financing totaled EGP 8.5 billion last year.

Additionally, he said that EFG  while it is targeting EGP 10 billion in financing this year.

Related News