EFG Corp-Solutions to finance real estate, industrial sectors with EGP 1B in Q2

Updated 5/19/2024 7:18:00 AM
EFG Corp-Solutions to finance real estate, industrial sectors with EGP 1B in Q2

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.

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