EFG Hermes Arranges $265M International Financing Package for ADD Real Estate to Boost Egypt”s Hospitality Sector

Sunday 1 November 2026 08:59

A Global and Local Financial Syndicate Supports Egyptian Tourism

EFG Hermes, the investment bank arm of EFG Holding and the leading investment bank in the MENA region, announced its role as the sole financial advisor and bookrunner for a $265 million multi-tranche financing facility for ADD Real Estate, a subsidiary of Sami Saad Holding.

This transaction represents one of the largest syndicated loans provided by international development finance institutions (DFIs) and commercial banks to Egypt's tourism and hospitality sector in recent years, supporting the continuous growth of the country's hotel and tourism industry.

Structure and Key Players of the Banking Syndicate

The multi-tranche financing facility unites a consortium of prominent international DFIs alongside major regional and local commercial banks:

European Bank for Reconstruction and Development (EBRD): Acted as the Initial Mandated Lead Arranger and Bookrunner.

International Finance Corporation (IFC): Joined as a Mandated Lead Arranger.

Emirates NBD Egypt: Served as Mandated Lead Arranger and Global Facility Agent.

National Bank of Egypt (NBE): Acted as Mandated Lead Arranger and Local Facility Agent.

The active participation of two leading international DFIs alongside major commercial banks reflects international lenders' strong confidence in the fundamentals of the Egyptian tourism market, while highlighting EFG Hermes’ exceptional capability in structuring and executing complex multi-tranche financing packages.

Use of Proceeds: Grand Hyatt Hotel & Strategic Acquisitions

The $265 million package was strategically structured to support ADD Real Estate’s growth and expansion plans across key cultural and tourist destinations in Egypt:

Developing the Grand Hyatt Hotel: Funding the construction of a new 400+ room Grand Hyatt hotel, prime-positioned directly overlooking the Grand Egyptian Museum (GEM) and the Giza Pyramids in West Cairo.

Strategic Asset Acquisitions: Supporting the acquisition of hotel assets for Hyatt Regency Cairo West and Hyatt Centric Cairo West.

Upgrading Existing Portfolio: Allocating capital expenditure (CapEx) to renovate and develop the group's existing hotel assets in Hurghada.

Debt Refinancing: Refinancing existing hospitality-related debt to optimize the group’s capital structure and improve overall liquidity.

EFG Hermes: Transaction Enhances Cultural and Leisure Tourism Infrastructure

Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, stated:

"We are proud to serve as the sole financial advisor and bookrunner for ADD Real Estate in this landmark transaction, which demonstrates strong market momentum and international lenders' faith in Egypt’s tourism sector. This $265 million financing package directly contributes to upgrading cultural tourism infrastructure near the Grand Egyptian Museum while advancing key Red Sea leisure destinations, solidifying EFG Hermes' standing as the premier financial advisor for transformative regional deals."