Banque Misr has signed a medium-term loan agreement with MARAKEZ, one of Egypt’s leading mixed-use real estate developers, providing a credit facility of up to EGP 3bn to support the company’s operations and enhance overall operational efficiency. The agreement was signed by Hisham Okasha, CEO of Banque Misr, and Ahmed Dasha Badrawi, Executive Vice Chairperson of MARAKEZ, in the presence of Amr Damerdash, Head of Corporate Credit and Syndicated Loans at Banque Misr, Osama Ezzo, Chief Financial Officer of MARAKEZ, and senior representatives from both organisations. Repayment of the facility will be supported by stable cash flows generated from commercial lease revenues at Mall of Arabia, one of Egypt’s largest and most prominent retail destinations. Commenting on the agreement, Hisham Okasha said Banque Misr places strong emphasis on supporting real estate development companies and remains committed to enabling developers in ways that stimulate Egypt’s property market and enhance its investment appeal. He added that this approach aligns with Egypt’s comprehensive urban development strategy under Vision 2030.

Source: Daily News Egypt February 07, 2026 15:18 UTC