Select Page

Breaking: Hermes signs a sale and leaseback agreement worth EGP 750 million

Today, the Financial Group “Hermes” announced that it had concluded a sale and leaseback agreement with “Madinet Nasr for Housing and Development”, with a total value of EGP 750 million.

The promotion and underwriting division of EFG Hermes acted as the financial advisor for the transaction.

It will also encompass a few securitization issuances as follow-on transactions.

While EFG Hermes Corp-Solutions, a wholly-owned subsidiary of EFG Hermes Holding, acts as a lender.