Banking Syndicate

Mashareq Real Estate Investment, a Subsidiary of PRE Group, obtains an EGP 1 billion syndicated loan for its commercial and administrative project, ZAG, in New Cairo, from a banking consortium led by the National Bank of Egypt

The National Bank of Egypt (NBE has successfully led a banking syndicate to arrange a long-term joint financing loan worth approximately EGP 1 billion for Mashareq Real Estate Investment, a subsidiary of Pioneers Properties for Urban Development (PRE Group). The financing will fund the first phase of the “Zag East” project, a commercial and administrative development located directly on South…