Cairo-Mubasher: The board of Misr Hotels gave the go-ahead for taking the necessary procedures of getting an EGP 100 million loan from the National Bank of Egypt (NBE), the company said in a bourse statement.
The loan will be used to develop Dahab Resort Hotel.
In addition, the board approved re-branding Dahab Resort Hotel as Safir Dahab Resort Hotel, the statement added.
In November 2015, the company opened its Nile Ritz Carlton Hotel after completing the development work.
