Arab Finance: The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) signed two financing agreements valued at EGP 200 million with Tadbiir for Leasing & Factoring, according to a statement.

CEO of MSMEDA Basel Rahmy said the agreements align with the agency’s strategy to expand access to diversified financing tools that address the varying financial needs of SMEs and support their expansion and growth.

Basel Rahmy, CEO of MSMEDA, affirmed the authority’s commitment to expanding access to diversified financing tools that meet the needs of small and medium enterprises (SMEs).

Rahmy noted that the authority aims to help businesses expand and develop their business, enhancing their ability to create sustainable job opportunities for the Egyptian youth and maximizing the sector’s contribution to the national economy.

Financial leasing is considered one of the most flexible financing tools for businesses, particularly industrial projects, as it enables companies to acquire machinery and equipment over longer repayment periods and at competitive costs.

The funding will be directed toward purchasing machinery, equipment, spare parts, vehicles linked to economic activities, and medical equipment for clinics and pharmacies.   

Rahmy added that commercial factoring serves as a short-term financing tool that supports companies in improving cash flows, especially export-oriented firms and manufacturing businesses.

For his part, Ahmed Kamal Selim, Founder and CEO at Tadbiir, noted that the partnership with MSMEDA has been a key pillar of the company’s success since cooperation began in November 2023.

He added that the agency previously provided Tadbiir with EGP 110 million in financing to support its clients, in accordance with the agency's objectives.

Selim also stressed the importance of providing qualified businesses with the financing tools needed to expand investments, supporting Egypt’s national goal of increasing exports to $100 billion.

Tadbiir specializes in providing financing solutions to SMEs through financial leasing and factoring activities. Over the past three years, the company has provided financing exceeding EGP 2.4 billion to businesses operating across multiple sectors and governorates nationwide.