Arab Finance: EFG Corp-Solutions, a subsidiary of EFG Holding, is planning to provide EGP 1 billion in financing to the real estate and industrial sectors within the second quarter (Q2) of the current year, the company’s CEO Talal El Ayat told Asharq Business.
During a press conference held by Pickalbatros Hotels and Resorts Group, El Ayat revealed that the firm offered EGP 2 billion in funding to tourism and real estate companies in Q1 2024.
Furthermore, he added that EFG Corp-Solutions has financed Pickalbatros with EGP 15 million for a new tourism project in Hurghada, El Ayat noted.