SFD, Bank Audi to Ink New Contract worth EGP40mn early 2015

By Yomna Yasser On Nov 22, 2014

Egypt’s Social Fund for Development (SFD) will sign a new financing contract worth EGP 40 million with Bank Audi Egypt by early 2015, secretary-general Soha Soliman announced today.

Speaking to Amwal Al Ghad on Saturday, Soliman stated that SFD’s newest contract with Bank Audi, a member of Audi Saradar Group, would go for financing the debit account activity and the development of microenterprises.

SFD is currently preparing its strategy for the upcoming period ahead of submitting it to the Egyptian Cabinet, she added.