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UAE’s Zand Digital Bank signs MoU with RERA

UAE’s Zand Digital Bank signs MoU with RERA

Escrow accounts are specialised bank accounts designated for real estate projects, serving as repositories for funds collected from off-plan investors
Fitch affirms Ajman Bank’s ratings at ‘AA+’, outlook ‘stable’

Ajman Bank launches real estate subsidiary Skyrise Properties

The new company is set to complement the bank’s core business offerings, with a range of services including property management
MBank signs MoU with Real Estate Regulatory Agency

MBank signs MoU with Real Estate Regulatory Agency

The purpose of Escrow account services provided by Mbank is to regulate, enhance, and provide confidence to buyers in real estate
Tatweer Misr secures EGP 3.5 billion medium-term facility loan

Tatweer Misr secures EGP 3.5 billion medium-term loan facility

The developer plans to use the facility to accelerate the pace of construction works in both IL Monte Galala and Bloomfields projects
SODIC continues to maintain a strong liquidity position

Egypt’s SODIC posts EGP 187 million in Q1 profit

The Egyptian developer’s revenues jumped 26% to EGP 1.50 billion in the quarter from EGP 1.20 billion in Q1 2022