Sarie-Eldin & Partners represents AAIB in a long term facility up to EGP 1b for ARCO
Sarie-Eldin & Partners represents Arab African International Bank in a Structured Long Term Facility of up to EGP 1 Billion granted to ARCO
Sarie -Eldin & Partners is pleased to announce that Al Arabia for Real Estate Development S.A.E, one of the leading real estate developers in Egypt, has obtained a Structured Long Term Facility of up to EGP 1 Billion from Arab African International Bank, to finance ARCO’s new development projects.
In just five years, ARCO has expanded its total investment in Egypt to EGP 32 billion , while maintaining an impressive project schedule of five launched projects and six currently under construction.
"We are delighted that we have successfully assisted the Bank in completing the process of granting this large finance, which will contribute to the expansion of the Company's projects and the increase of its total investment in the Egyptian market as one of the largest entities in this strategic sector since 2005." said Amira Sherif – Senior Partner.
