Egypt’s Social Housing Fund, SAIB Bank renew financing protocol

Egypt’s Social Housing and Mortgage Finance Fund signed a cooperation protocol with SAIB Bank on Wednesday to expand real estate financing for eligible applicants, particularly low- and middle-income citizens applying through the fund’s announcements.

The protocol renews a previous agreement between the two sides dated 1 September 2020 and targets 1.5 billion Egyptian pounds in financing to support access to housing for qualifying beneficiaries.

Both parties said the signing marks the beginning of deeper cooperation in the coming period, aiming to widen financing opportunities for low- and middle-income citizens seeking housing units through the fund.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser