EFG Hermes successfully concludes advisory on latest EGP 750mln financing transaction for MARAKEZ’s Mall of Arabia

EFG Hermes successfully concludes advisory on latest EGP 750mln financing transaction for MARAKEZ’s Mall of Arabia

- The agreement capitalizes on cross-selling products across the group, with EFG Hermes Corp-Solutions acting as leasing partner and aiBANK’s participation

Cairo: EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its Investment Banking division successfully closed advisory on the latest EGP 750 million financing over two tranches in a sale and leaseback package for MARAKEZ, one of the largest mixed-use developers in Egypt. The division acted as the sole financial advisor and arranger on the transaction, while EFG Hermes Corp-Solutions, a wholly-owned subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, acted as the leasing partner and EFG Hermes’ recently acquired aiBANK acted as the lender.

The transaction comes as part of a wider EGP 2.25 billion financing package at the level of Mall of Arabia, MARAKEZ’s mega-mall located in 6th of October, covering a vast area of over 620,000 sqm. Mall of Arabia hosts a wide array of premium local and international brands, in addition to a residential development.

The participation of aiBANK in the transaction alongside EFG Hermes’ Investment Banking division and EFG Hermes Corp-Solutions marks a key milestone in the group’s journey of collaboration, cross-selling, and the creation