Investment Minister Sahar Nasr and the Saudi Fund for Development signed last week two agreements worth EGP 250 mn with EFG Hermes Leasing and Plus Leasing, according to a ministry statement (pdf). The two agreements are geared towards funding SMEs, the Saudi embassy in Cairo said in a statement (pdf).
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…