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Emaar Misr’s board OKs credit facility agreements

Emaar Misr’s board OKs credit facility agreements

Arab FinanceEmaar Misr for Development’s (EMFD) board of directors approved credit facility agreements aiming to cover the company’s future financial needs, according to a filing to the Egyptian Exchange (EGX) on September 18th.

The board also approved expansions in SOUL project in partnership with Eagle Hills Egypt for Projects Management.

SOUL is a residential, tourism, and commercial project, in which residents would enjoy beach mansions and homes connected to nature, along with sea views of the Mediterranean, the waterfront lagoons, and flourishing green spaces.

Established in 2007, Emaar Misr is a real estate development company that operates in commercial and residential development projects such as residential villages and communities, business centers, malls, shopping complexes, villas, townhouses, and apartments.

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