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Launched in 2014, Villette will cover an area of 301 feddans. SODIC has delivered about 600 units, with delivery of units in the project’s first phases having started in 2018. Villette is comprised of single family homes as well as high end apartment buildings.
The syndicated credit facility will partially finance the investment cost of Hacienda Bay, one of the real estate developer’s major projects in the North Coast, according to a statement to the Egyptian Exchange on Thursday.
Project’s implementation is likely to start in 4Q 2020
Growing demand for administrative, commercial real estate as prime office rents are rising and vacancy volumes dropping, says Sultan
Company aims for EGP 3bn in revenues in 2020, says Al-Hatimi
In light of this fruitful partnership, AAIB granted Premium Card a credit facility, which amounts to EGP 200m, to be utilised in financing the company’s consumer finance portfolio.
A securitisation transaction is a debt capital market financial instrument whereby future receivables are converted into financial securities which can then be listed and traded on the stock exchange.
Loan to finance 50% of new mall on Cairo-Sokhna road
Naeem maintains BUY reccomendation for MNHD with TP of EGP 8.59/share
Loan extended over 5 years, expected to be disbursed starting June
Egyptian banking sector is strong, capable of achieving Egypt’s leadership in sustainable development in Middle East, Africa
Bank seeks to push cooperation with EBRD to benefit from its experience in serving sectors, economic activities targeted in Egypt: CEO of AAIB
Candidate previously served as deputy chairperson of NBE, member of board of directors of TE
Abdel Kader previously nominated by CBE to represent Egypt at G20 Summit in China, Green Finance Study Group in 2016
The series of branches includes Souhag, Sukhna port, Mandara, Abbasia, Shams Club, Obour Buildings
Egypt’s newest microfinance lending institution, Sandah, was launched in Cairo on Tuesday with EGP 155m in capital. Its main founding shareholders—the Arab African International Bank (AAIB) and SANAD Fund for MSME (SANAD)—celebrated the launch of Egypt’s newest microfinance company. SANAD Fund’s expansion in the Egyptian market is a testament to the international financial institutions’ confidence …
Bank gateway to international investments in Egypt by providing best financial, investment solutions to global investors, Abdalla says
Funding solidifies bank’s role in supporting energy sector, says AAIB CEO
The Arab African International Bank (AAIB) has successfully contributed to financing the largest solar power project in Egypt and the Middle East in Benban, Aswan, becoming the largest solar power plant in the region with a target capacity of 1.8 GW. According to Hassan Abdalla, executive director of the AAIB, Egypt is one of the …
The Arab African International Bank (AAIB) requires owning an account at the bank to obtain a car loan. Applicants will also need to provide a copy of their valid national ID card. Applicants must be 21 to 65 years old at the end of the loan period. They also must have been an employee at …
Banks should shift traditional operations towards microfinance, entrepreneurship, SMEs, says Hassan Abdalla, CEO of Arab African International Bank (AAIB)
In the belief that applying the definition of financial inclusion is one of the main pillars to achieve economic growth through reaching the different segments of society and raising awareness of banking services in activation of the financial education programme, the Arab African International Bank (AAIB) has started receiving primary school students as a first …
The bank’s total loans to SODIC Group increased to EGP 4bn over the past three years
How it started? AAIB’s “Keep the Coast Clean” anti-litter awareness campaign was launched in 2015. The initiative aimed at magnifying the damage caused to our coasts and seas by littering from land-based recreation. In 2017, the environmental campaign commenced with an eye on having a progressive behavioural influence on saving Egypt’s magnificent shores. The main …
The Arab African International Bank (AAIB) raised the interest rates for the Golden Saving Account in Egyptian pounds to 14% annually, 13% semiannually, 12.75% quarterly, and 12.5% monthly. Return is calculated on the lowest balance during the month—provided that it is not less than the minimum balance of EGP 5,000. Hassan Abdalla, the CEO of …
The Arab African International Bank (AAIB) has developed some of its branches to suit special needs clients, as part of the bank’s keenness to achieve financial inclusion. The bank has developed the sidewalks and entrances to make them wheelchair accessible. It also equipped some of the branches with teller windows of different heights. Hassan Abdullah, …
List of banks includes Banque Misr, NBE, AAIB, CIB, and QNB
The loan will enable AAIB to scale up its lending operations to smaller businesses
The bank signed a memorandum of understanding with the General Authority for the SCZone to be present in the region and offer investors there support
Sunday marks the first day of the Egyptian pound’s complete flotation in the top five banks operating in the market, following the Central Bank of Egypt’s (CBE) decision to liberalise the exchange rate on Thursday.