Tuesday 31 Dec
MINT Real Estate Asset Management, an Ahly Sabbour subsidiary, has partnered with the Suez Canal Bank to launch a new real estate development venture, "Anchors."
MINT and the Suez Canal Bank hold 60% and 40% stakes in Anchors, respectively. This strategic alliance aims to deliver comprehensive real estate solutions, leveraging MINT's industry expertise and the Suez Canal Bank's robust financial capabilities. By capitalizing on new opportunities, the partnership seeks to drive progress within the real estate sector.
Alia El Nagdy, CEO of both MINT
and Anchors, emphasized that the establishment of Anchors reinforces MINT's
position as a leading provider of comprehensive real estate solutions.
She further disclosed that the new company was formed through a 500 million Egyptian pound deal with the largest domestic real estate developer.
