The company said in a statement that the financing aims to expand the scope of Nawy Now, a financing product licensed by the Financial Regulatory Authority (FRA). Nawy Now allows customers to purchase ready-to-move-in units with flexible payment plans and quick approvals, giving them the ability to move in immediately and pay later.
The credit facilities contribute to increasing the number of units that can be financed through Nawy Now. At the same time, a portion of the financing will support the group's working capital to continue developing its real estate ownership journey in Egypt.
The company added that the credit facilities will contribute to the development of Nawy's integrated portfolio and link its various products together, providing a streamlined experience from the moment of searching for a unit through to post-purchase. Nawy Now also manages all documents, legal procedures, and documentation steps, while providing financing solutions through Nawy Now while preserving long-term value through resale services and post-ownership support.