Misr Hotels pays off EGP 6.8M loan installment to NBE

Updated 6/20/2022 12:44:00 PM

Arab FinanceMisr 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.