Annual Report - Orascom Development

60 | consolidated financial statements | OHD Annual Report 2006
Long Term Loans
Company
acquiring Loan
Orascom Holding for Hotels and Subsidiaries
1- Tawila Co. for Hotels * DIB * $
Lending Institution Currency Interest Rate Outstanding amount
Long Term Portion
of the loan
31/12/2006 31/12/2006
2% (Over Libor)
(Every 6 months)
LE
LE
42,568,050 36,287,050
2-
Acacia Co. for
Hotels
** DIB * $
2% (Over Libor)
(Every 6 months)
11,402,415 9,989,000
3-
4-
El Golf Co. for
Hotels
Marina (2) Co.
for Hotels
NBE LE 12.5% (Every 6 months) 19,675,039 11,885,851
CIB *Euro 2% (Every 3 months) 27,530,537 20,923,208
5-
Mokbela Co.
for Hotels
NBE LE 12.5% (Every year) 54,700,003 41,888,000
6-
El Gouna Co.
For Hotels
CIB
LE
1 .25% (over libor)
(Every 6 months)
891,000 --
* MIDB & CIB * $
2% (Over Libor) (Every
3 months)
11,189,277 2,137,830
MIB LE 12.5% (Every 6 months) 3,404,439 1,215,000
7-
Paradissio Co.
For Hotels
Delta Bank LE 14% (Every year) 10,870,169 7,200,000
8-
Rihana Co.
for Hotels
NSGB
Euro
2% (Over Libor)
(Every 6 months)
22,537,510 17,529,663
9-
El Tabbah Co.
for Hotels
CIB $
2.5% (Over Libor)
(Every 3 months)
6,783,480 3,700,080
Balance 211,551,919 152,755,682
Orascom Hotels and
Development company
NBE LE& $ 12.50% 12,227,154 --
Misr Bank LE& $
13% + 1.5% (highest debt
balance commission)
14,021,381 8,890,000
CIB
LE
12.5% + 1.25% (highest
debt balance commission)
120,714,290 --
358,514,744 161,645,682