Real estate bonds worth LE 150 million issued by Egyptian Arab Bank

The Egyptian central bank agreed to allow the Egyptian Arab bank issue long-term bonds for 10 years worth LE 150 million. Alaa Al-Owsia, the head of the bank's board of directors, told ArabicNews.com that the bank will raise the bonds for general subscription before the end of the current year, adding that the expected income from the subscription will not be less than 11%. These bonds will contribute to financing real estate projects throughout Egypt.