How Can We Help You ?

The Industrial Development Bank (IDB) has signed a syndicated loan agreement for Azad Views, a subsidiary of Tatweer Group, in cooperation with Emirates NBD and a number of participating banks.

The agreement was signed in the presence of:

• Mr. Hussein Refaai – Chief Executive Officer and Managing Director

• Ms. Menna Awadallah – Deputy Chief Executive Officer and Managing Director

• Ms. Samar Abdel Khalek – Chief Executive Officer of Large Corporate Credit, Syndicated Loans, and Investment

• Mr. Essam Morsy – Head of Large Corporate Credit

• Mr. Ismail Tharwat – General Manager, Large Corporate Credit

• Mr. Tamer Soliman – Deputy General Manager, Large Corporate Credit

• Mr. Karim Mansour – Large Corporate Credit Division

This step comes as part of the Bank’s commitment to supporting strategic projects in the real estate development sector and strengthening its role as a key partner in financing major projects that contribute to economic growth and the achievement of sustainable development.

Commenting on the signing, Mr. Hussein Refaai, CEO and Managing Director, stated:

“We are proud to participate in this syndicated loan, which reflects the Industrial Development Bank’s commitment to supporting the national economy and contributing to the financing of strategic projects capable of creating job opportunities and promoting sustainable development. This participation underscores the Bank’s ongoing role as a key driver of growth and a supporter of vital sectors in the country.”

In the same context, Ms. Menna Awadallah, Deputy CEO and Managing Director, affirmed that this participation is an extension of the Bank’s successes in supporting key sectors, noting that the Bank continues to play an active role in financing development projects that add real value to the Egyptian economy and support sustainable development efforts.