Egypt’s Social Housing and Mortgage Finance Fund and aiBANK signed a cooperation protocol today to bolster their partnership and cooperation in order to finance a larger number of applicants for the Fund. The protocol was signed by Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund, and Tamer Seif El-Din, CEO and Managing Director of aiBANK. The Social Housing and Mortgage Finance Fund currently collaborates with 31 financing institutions and real estate financing companies across Egypt. Abdel Hamid also affirmed that aiBANK is an essential partner for the Social Housing and Mortgage Finance Fund in real estate financing. Hamid added that the fruitful cooperation between the Social Housing and Mortgage Finance Fund and aiBANK benefits Egyptians included in the presidential initiative ‘Housing for all Egyptians’ for limited- and middle-income citizens.

Source: Daily News Egypt August 01, 2023 20:48 UTC