By: Eslam Fadl
Cairo – Mubasher: HD Leasing, a subsidiary of state-run Housing and Development Bank (HDB), is in talks with a number of lenders to borrow EGP 550 million, sources said.
The company has approved financings of EGP 1 billion for investments within two months, sources told Mubasher.
The investment arm of HDB will pump these investments into the commercial, industrial, real estate, and food sectors, they highlighted.
It is worth noting that HD Leasing had obtained an EGP 450 million loan from HDB last month.
Translated by: Mai Ezz El-Din
