Misr Hotels settles 23rd loan installment with NBE

Updated 3/30/2022 10:44:00 AM

ArabFinanceMisr Hotels Company (MHOT) has made an accelerated payment worth EGP 9 million to the National Bank of Egypt (NBE), according to a statement filed to the Egyptian Exchange (EGX).

This marks the 23rd paid-off installment by the company to settle the loan it obtained from NBE.

Accordingly, total settled installments since January 24th 2017 to date amount to EGP 361.337 million.

Misr Hotels, a subsidiary of Holding Company for Tourism and Hotels, is an Egypt-based joint stock company engaged in tourism investment activities.