(2017-11-22) HSBC agrees to inject LE600 m into Roya Holding HSBC Bank Egypt has agreed to inject a financing segment worth EGP 600 million into the mutual loan of the Arab African International Bank in favor of Roya Holding (RAYA), sources told Al-Mal newspaper.
The loan total value is about 3 billion pounds, and aims to complete the development and payments of the of the “Stone Park” project land. The company received last September a loan of 2.2 billion pounds, distributed by 1.8 billion from the Arab African International Bank and 400 million from National Bank of Egypt, until completing the basic funding.
Sources added that four other banks agreed to cover a financing segment worth 770 million pounds, distributed by 310 million from the Arab Bank, 210 million from SAIB, 150 million from Arab investment and 100 million from the Egyptian Gulf Bank.
