At the conclusion of its three-day meeting in Cairo at the headquarters of the Ministry of International Cooperation, the Saudi Arabia Grant Management Committee signed several financing agreements to contribute to financing small, medium and micro enterprises, worth up to LE300 million. The total sum is divided into LE100 million with the Industrial Development Bank, LE100 million with Banque du Caire, and LE100 million with the Enmaa Finance Company. The agreement signed with the Industrial Development Bank aims to finance a program to purchase new easy interest rates directed to Upper Egypt and other regions most in need, especially for micro-enterprises closest to growth to small enterprises. The financing agreement signed with Enmaa Finance aims to finance, support and develop specialized financing programs through financial leasing activity with a focus on the medical sector. She expressed hopes to open new horizons for partnering with Saudi Arabia in supporting the national development agenda.
