April 17, 2019 / 1:27 PM / in a day

Egyptian alliance launches real estate finance company - statement

CAIRO, April 17 (Reuters) - An alliance between Egyptian firms EFG Hermes, Talaat Mostafa Group and GB Capital has launched a real estate finance company, they said in a statement.

“The new partnership aims to provide long-term financing for real estate products at competitive prices, commensurate with the financial capabilities of those wishing to buy in order to cope with increasing demand,” the statement said.

Reporting by Ehab Farouk; Writing by Yousef Saba Editing by Louise Heavens

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