ADD Properties - Member of Sami Saad Holding Secures USD 265 Million Syndicated Financing, Reinforcing Institutional Confidence in Egypt and Advancing Sustainable Hospitality Development

A New Hospitality Milestone. Celebrating Timeless Landmarks.

International, regional and Egyptian financial institutions back ADD Properties’ long-term growth strategy, supporting sustainable hospitality and branded residences development and a new 400-key Grand Hyatt overlooking the Grand Egyptian Museum and the Pyramids of Giza, in alignment with Egypt Vision 2030 embracing the vision of the new Egypt’s Touristic Capital. 

ADD Properties, a member of Sami Saad Holding, has signed a landmark USD 265 million syndicated financing agreement, marking a significant milestone in its growth journey and reinforcing its position as an established developer with a diversified portfolio spanning hospitality, branded residences, and real estate development.

The syndicated financing agreement was signed during a high-level ceremony attended by Eng. Bassel Sami Saad, Chairman of ADD Properties, a member of Sami Saad Holding; Mr. Vlaho Kojaković, Director, Head of Real Estate at the European Bank for Reconstruction and Development (EBRD); Mr. Ary Naim, Regional Director for North Africa and the Horn of Africa at the International Finance Corporation (IFC), a member of the World Bank Group; Mr. Amr El Shafie, Chief Executive Officer and Managing Director of Emirates NBD Egypt; Mr. Mohamed El Etreby, Chief Executive Officer of the National Bank of Egypt (NBE); and Mr. Karim Awad, Group CEO and Chairman of the Executive Committee, EFG Holding, the financial advisor to the transaction.

The agreement reflects the confidence of leading financial institutions in Egypt’s long-term investment and tourism potential, as well as their trust in ADD Properties – Member of Sami Saad Holding corporate strength, established track record and strategic vision.

The financing will support the development of a new 400-key Grand Hyatt hotel overlooking the Grand Egyptian Museum and the Pyramids of Giza, alongside reprofiling of ADD Properties’ capital structure and consolidating its asset value across ADD Properties’ portfolio.

Sustainability is a central component of the financing partnership, with complementary technical assistance supporting green building certification, hospitality skills development and stronger corporate governance. This approach reinforces ADD Properties’ commitment to responsible investment and sustainable long-term growth, in alignment with Egypt Vision 2030.

Commenting on the milestone, Eng. Bassel Sami Saad, Chairman of ADD Properties – Member of Sami Saad Holding, stated:

“This milestone reflects the confidence of leading international, regional, and Egyptian financial institutions in Egypt’s investment potential and ADD Properties’ vision and track record. In alignment with Egypt Vision 2030, our growth strategy is built on sustainability, responsible investment, and long-term value creation. Our new Grand Hyatt overlooking the Grand Egyptian Museum and the Pyramids of Giza embodies this commitment, combining world-class hospitality with sustainable development while celebrating Egypt’s timeless heritage and contributing to its tourism future.