Marseilia Group inks EGP 50M finance lease contract

Updated 6/20/2022 1:55:34 PM

Arab Finance: The board of directors of Marseilia Almasreia Alkhalegeya for Holding Investment (MAAL) has agreed to sign a finance lease contract regarding the mall located in Marseilia Beach 4 at a value of around EGP 50 million, according to a statement filed to the Egyptian Exchange (EGX) on June 20th.

The five-year term contract is pending the approval of the upcoming general assembly meeting.

Marseilia is an Egypt-based company engaged in real estate property investment, development, and management.