Orascom Development Egypt (ORHD) has secured a $155 million loan facility from the International Finance Corporation (IFC). The funds will primarily refinance existing debt and support hotel business expansion in El-Gouna, including capital expenditures for property renovations. The loan features a 2.5-year grace period and an 8.5-year tenure, with repayments beginning in late 2027. Group CFO Ashraf Nessim highlighted the deal's role in optimizing financing terms, reducing capital costs, and maintaining a net debt-to-EBITDA ratio below 0.4x. The company also recently sold a commercial building for EGP 332 million in August.