According to the fund, Contact Real Estate Finance topped the companies participating in the initiative with a volume of financing amounting to EGP 838.570m for about 6,166 clients. Al-Taameer Real Estate Finance also pumped financing amounting to EGP 814.022m to about 6,745 customers, while Al-Ahly Real Estate Finance provided financing amounting to EGP 284.757m to about 2,540 customers. Moreover, Amlak Real Estate Finance pumped financing amounting to EGP 252.940m to about 2,328 clients, while Tamweel Real Estate Finance provided EGP 68.666m to 602 clients. Additionally, Egyptian Real Estate Finance pumped EGP 43.042m to about 429 clients, while Al-Ahly United provided EGP 19.973m to about 200 clients, and the Arab African International pumped EGP 12.211m. According to this decision, the Ministry of Housing, Utilities, and Urban Communities will manage the real estate financing initiative for middle-income people with a decreasing return of 8% and a maximum of EGP 15bn, in addition to the real estate financing initiative for low- and middle-income people with a decreasing interest of 3% at a value of EGP 100bn for about 109 clients.
