Heliopolis Company for Housing & Development in talks to borrow EGP350mn
Heliopolis Company for Housing & Development (HCHD) is in talks for a financing worth EGP350mn with some state-owned banks and three finance leasing companies. Sources said that HCHD intends to build water and power stations in one of its projects, adding it has given a period of 15 days to banks and leasing firms to put forward their proposals. Among the leasing companies are Incolease, A.T. Lease and Arab African International Leasing Company, the sources stated further. (Al Mal)
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