EFG Hermes Successfully Finalizes Debt Advisory for Nawy Now, Securing EGP 1 Billion in Bilateral Facilities

أخبارتطبيقات ومنصات
بواسطة FinTech Gate
EFG Hermes

Cairo, September 24, 2025:

«EFG Hermes», the leading investment bank in the Middle East and North Africa (MENA), successfully acted as the sole financial advisor for «Nawy Now», the mortgage arm of the proptech company «Nawy». Consequently, the bank arranged EGP 1 billion in bilateral facilities through a consortium of six leading banks, including the National Bank of Egypt (NBE), Egyptian Gulf Bank (EGB), Commercial International Bank (CIB), Suez Canal Bank (SCB), Bank NXT, and Emirates NBD (ENBD). Additionally, this transaction strengthens the confidence of financial institutions in Egypt’s mortgage sector.

Objectives and Impact on «Nawy Now»

The secured financing represents a major milestone for «Nawy Now». It enables the company to scale its innovative mortgage solutions and support its ‘Move Now, Pay Later’ model. Moreover, the funds will help a broader segment of the Egyptian market access ready-to-move homes efficiently. Furthermore, the transaction simplifies property acquisition and enhances client experience.

Leadership Statements

Maie Hamdy, Managing Director – Debt Capital Markets at «EFG Hermes», said:

“We are proud to have partnered with «Nawy Now» on this landmark transaction. Consequently, the successful EGP 1 billion financing reflects strong confidence from leading financial institutions in Nawy’s business model. Moreover, it reinforces EFG Hermes’ role as a trusted advisor for innovative companies seeking diversified funding sources to support growth and expansion.”

Omar El Barouny, Managing Director of «Nawy Now», added:

“Securing this funding is a pivotal moment for our company. It allows us to bring our product to more Egyptians and provide flexible, ready-to-move home options. Additionally, it accelerates the homeownership process for our clients.”

Amr Malek, CFO at «Nawy», stated:

“Support from six top financial institutions confirms the credibility of Nawy’s business model. Furthermore, this financing not only fuels growth but also ensures responsible and sustainable scaling with long-term capital efficiency.”

Strategic Impact of the Transaction

This financing enables «Nawy Now» to expand its market reach and strengthen its position in Egypt’s mortgage sector. Moreover, it supports sustainable growth while offering innovative financial solutions to clients and businesses. Consequently, the transaction represents a significant step toward transforming homeownership in Egypt.

About «EFG Hermes» and «Nawy Now»

EFG Hermes is a leading investment bank offering advisory, asset management, securities brokerage, research, and private equity services across MENA. It operates within EFG Holding, which spans investment banking, non-bank financial institutions, and commercial banking through Bank NXT.

Nawy Now is a full-service homebuying solution licensed by Egypt’s Financial Regulatory Authority. It guides buyers through selecting homes, managing paperwork, and offering flexible installment plans, streamlining access to ready-to-move properties.

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