A syndicated loan of up to US$ 265 million has been secured by ADD Properties, a member of Sami Saad Holding, to expand and modernise its hospitality operations in Egypt.

The European Bank for Reconstruction and Development (EBRD) acted as initial lead arranger and bookrunner, contributing the largest portion of US$ 127.5 million. Additional backing comes from the International Finance Corporation (IFC) with US$ 60 million under the Mutual Reliance Framework, Emirates NBD Egypt providing US$ 40 million, and National Bank of Egypt supplying US$ 37.5 million. EFG Hermes served as the sole financial advisor and bookrunner, while DenizBank AG acted as offshore security agent.

The funding aims to consolidate asset value and support long-term growth, headlined by a new Grand Hyatt hotel in West Cairo situated near the Grand Egyptian Museum and Giza Plateau regeneration area. Beyond capital deployment, technical assistance will deliver green certification programs, including LEED “Silver” standards, and structured training for young workers in Cairo and Hurghada.

Bassel Sami Saad, Chairman of ADD Properties, said: “This partnership reflects the confidence of leading international and regional financial institutions in Egypt’s investment potential and ADD Properties’ long-term vision. Together with our partners, we are advancing sustainable hospitality and branded residence development, in alignment with Egypt Vision 2030. Our new Grand Hyatt overlooking the Grand Egyptian Museum and the Pyramids of Giza embodies our ambition to create lasting value while celebrating Egypt’s extraordinary heritage.”

Vlaho Kojakovic, EBRD Director for Real Estate, said: “Egypt’s tourism sector has significant potential to drive investment, job creation and sustainable economic growth. This financing reflects the strength of the partnership between the EBRD and ADD Properties, and our shared ambition to support the long-term development of a more sustainable and competitive tourism sector in Egypt. By supporting ADD Properties’ continued growth and investment in high-quality hospitality infrastructure, including the new Grand Hyatt in West Cairo, we are helping to strengthen Egypt’s tourism offering while promoting higher standards in sustainability, skills and corporate governance. We look forward to building on this partnership as ADD Properties continues to grow and invest in Egypt’s tourism sector.”

Ary Naïm, IFC Division Director for North Africa and the Horn of Africa, said: “The tourism industry is a powerful engine for job creation and economic development globally, and Egypt has great potential to better leverage its unique cultural and natural assets towards these goals. Our financing, in partnership with EBRD and others, will support ADD Properties to expand and upgrade its capacity while building sustainability and resilience, creating opportunities for local businesses and communities, and mobilizing private capital.”

Amr ElShafei, Chief Executive Officer and Managing Director of Emirates NBD Egypt, said: “Our participation in this landmark financing reflects Emirates NBD Group’s strong commitment to supporting Egypt’s economic growth and to advancing the development of its strategic real-estate and hospitality sectors. We are proud to support ADD Properties, a prominent real-estate and hospitality developer, in advancing its growth strategy. Emirates NBD Egypt, alongside DenizBank AG, will bring together the strength of our regional banking franchise and our international capabilities to support a complex, large-scale financing transaction. Our collaboration with the EBRD, the IFC and National Bank of Egypt demonstrates the value of strong banking partnerships supporting high-quality investments.”

Mohamed El-Etreby, Chief Executive Officer of National Bank of Egypt, said: “This long-term syndicated facility reflects National Bank of Egypt’s commitment to supporting strategic industries, particularly tourism, which is a vital pillar of the Egyptian economy and a key driver of sustainable growth, increasing foreign-currency proceeds and creating job opportunities. This strategic financing consortium reflects our commitment to fostering strategic partnerships with leading international financial institutions to support high-impact projects that contribute to strengthening Egypt’s position as a leading global tourism destination.”