EBRD arranges $265 million financing package for ADD Properties' Egypt hospitality expansion

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EBRD finances ADD Properties Egypt

Highlights

EBRD is arranging a $265 million financing package—led by a $127.5 million facility—to support ADD Properties' hospitality expansion in Egypt, anchored by a new Grand Hyatt in West Cairo.
Contributing banks include IFC with a $60 million loan, Emirates NBD Egypt at $40 million, and National Bank of Egypt at $37.5 million, consolidating ADD Properties' asset value amid major capital deployment.
The financing package incorporates technical assistance for workforce training, enhanced corporate governance, and green transition initiatives aimed at LEED Silver certification across ADD's portfolio.

Financing structure backs West Cairo hotel project

As reported by EBRD, the lender is arranging a $265 million financing package for ADD Properties, a member of Sami Saad Holding, to support the expansion and modernisation of its hospitality business in Egypt.

EBRD is acting as initial lead arranger and bookrunner, while providing the largest facility at $127.5 million. The International Finance Corporation, acting as a mandated lead arranger, is extending a $60 million loan through the Mutual Reliance Framework.

Emirates NBD Egypt is serving as mandated lead arranger, global facility agent and onshore account bank, with a $40 million contribution. National Bank of Egypt is providing a $37.5 million loan while acting as mandated lead arranger, local facility agent, onshore security agent and onshore account bank, and DenizBank AG, a subsidiary of Emirates NBD Group, is the offshore security agent and offshore account bank. EFG Hermes, an EFG Holding company, is acting as sole financial advisor and bookrunner on the transaction.

The financing is intended to reinforce ADD Properties' capital structure, support continued growth across its hospitality portfolio and consolidate asset value during a period of significant capital deployment. A central part of that plan is the development of a new Grand Hyatt hotel in West Cairo.

Tourism strategy and workforce development impact

ADD Properties' expansion is positioned to align with Egypt's national tourism strategy and to widen hospitality capacity in one of the country's fastest-growing destinations. The group says cultural and leisure tourism in the area is rising, supported by the opening of the Grand Egyptian Museum and continued regeneration of the Giza Plateau.

Bassel Sami Saad, chairman of ADD Properties, says the partnership reflects confidence from international and regional financial institutions in Egypt's investment potential and in the company's long-term development plans. He says the new Grand Hyatt, overlooking the Grand Egyptian Museum and the Pyramids of Giza, is intended to create long-term value while supporting sustainable hospitality and branded residence development in line with Egypt Vision 2030.

The package also includes technical assistance focused on inclusive and green training programmes for young women and men in Cairo and Hurghada, with the aim of strengthening the hospitality labour pipeline. Additional support is planned for corporate governance improvements and for a portfolio-wide green transition, including development of a high-performance hotel and certification of existing assets to LEED Silver standards.

Our earlier article on Menara Asia’s Menarabena platform covered how Malaysia’s construction sector is moving toward digitalisation to improve procurement, strengthen supply-chain efficiency, and ensure building materials meet certification and compliance requirements. We also noted the role of collaboration with CIDB-related entities in speeding up approvals and product certification, while emphasising that digital tools are meant to complement—not replace—existing regulatory standards.

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