Egypt’s Bonyan gets $35m

19 Mar 2010

Egypt’s Bonyan for Development and Trade said yesterday (Thursday) it has raised a E£185m ($34m) syndicated loan.

The debt will be used to complete a furniture and home accessories mall, called Designopolis, near Cairo. The seven year facility, which has a two year grace period, was arranged by Commercial International Bank.

Citadel Capital, one the biggest private equity houses in the Middle East and Africa, holds ...

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