Palm Hills to guarantee subsidiary in EGP 10.3B syndicated loan

Updated 9/18/2024 12:42:00 PM
Palm Hills to guarantee subsidiary in EGP 10.3B syndicated loan

Arab Finance: Palm Hills Development’s board has approved guaranteeing the company’s subsidiary Palm for Urban Development in the long-term syndicated loan worth EGP 10.3 billion granted by Banque Misr and other participating banks, the company stated.

The loan will be used to partially cover the investment cost of Badya project.

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