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Monday, 25 January 2021

Who’s in the market for debt?

Al Tayseer Healthcare Group is looking to borrow EGP 200 mn from the Arab African International Bank to finance its expansion plans, with the final contracts expected to be signed within weeks, Al Tayseer CEO Mohamed Gazar tells the local press. The expansions include adding 120 new hospital beds, expanding the ICU unit, and launching new specialties such as tumor diagnosis at its hospital in Zagazig this year, as well as setting up an ophthalmology center.

Ora Developments is getting a EGP 2.54 bn loan from a banking syndicate led by Emirates NBD Egypt, along with Banque Misr, the Export Development Bank Of Egypt, and the Housing and Development Bank, reports Al Mal. The funding will be used to partly finance the construction of the first and second phases of Sheikh Zayed’s Zed project.

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