Franchise Egypt

80 Million EGP for Small Enterprises

29/04/2015
SFD Managing Director Ms. Soha Soliman, Chairman of Arab Investment Bank of Egypt (AIBK) Mr. Hany Seif El Nasr and World Bank Lead Financial Economist, Middle East & North Africa Ms. Sahr Nasr attended the ceremony of signing two new contracts between SFD and the AIBk totaling 80 million EGP funded through the World Bank.
SFD Head of the Central Sector of Small Enterprise Finance Ms. Neveine Gamea and AIBK General Manager Mr. Medhat Lotfy Hassouna signed the contracts. Both contracts are designed to finance start-up and existing industrial small enterprises through the AIBK 18 branches. The contracts are expected to establish 570 enterprises and create more than 2200 jobs.