Arab Finance: Misr Hotels Company (MHOT) has made an accelerated payment worth EGP 6.84 million to the National Bank of Egypt (NBE), according to a statement filed to the Egyptian Exchange (EGX) on June 20th.
This marks the 26th 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 383.18 million.
Misr Hotels, a subsidiary of Holding Company for Tourism and Hotels, is an Egypt-based joint stock company engaged in tourism investment activities.