Al Ahly Tamkeen secures EGP 200M loan from Emirates NBD Egypt

Updated 10/15/2023 1:55:00 PM
Al Ahly Tamkeen secures EGP 200M loan from Emirates NBD Egypt

Arab Finance: Emirates NBD Egypt has signed a medium-term loan contract worth EGP 200 million with Al-Ahly Capital Microfinance Company (Al Ahly Tamkeen) to finance and expand the business of the micro-sized projects, according to an emailed press release.

The contract comprises concessional terms to promote the sustainability of the projects.

The loan will enable Al Ahly Tamkeen to expand its business as well as achieve sustainable development in the Egyptian market.

The deal is part of the bank’s strategy to boost financial inclusion and microfinance.

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