Niyaza settles National Investment Bank debt, lifts mortgage on Damanhour land
Automated summary•1 October 2026 at 14:43
Niyaza has settled its debt with the National Investment Bank, securing the release of a mortgage on its land in Damanhour.
The settlement provides savings of EGP 28.1 million compared with the debt recorded in the company’s books.
Measured against the bank’s claims, the savings amount to EGP 134.7 million. The two figures reflect different benchmarks for the same settlement.
The agreement resolves the debt and removes the mortgage tied to the Damanhour property. Details of the payment terms and any plans for the land were not provided.
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