AlBaraka Capital for financial investments, a subsidiary of AlBaraka Bank, announced the establishment of “Tanfeez” company for real estate investment and urban development. The company represents the investment and real estate development arm of the group, with the aim of making a quantum leap in the Egyptian real estate market. And provide investments and programs to provide liquidity for real estate projects that are compatible with the provisions of Islamic Sharia. Tanfeez adopts an ambitious expansion strategy that enables it to provide integrated investment services in the field of real estate development, in addition to providing project financing programs in cooperation with major real estate developers. For his part, Hazem Hegazy, Vice Chairperson and CEO of alBaraka Bank, expressed his happiness at the launch of the “Tanfeez” company specialized in real estate investment and urban development.

Source: Daily News Egypt December 12, 2022 12:23 UTC