• Mai Abdel Hamid: The agreement contributes to providing real estate financing worth EGP 500 million for low- and middle-income citizens.
• Mohamed Abbas Fayed: Our partnership with the Fund is a step toward empowering citizens to own sustainable housing.

Cairo, 19 October 2025 – The Social Housing and Mortgage Finance Fund has signed a protocol agreement with First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, to enhance collaboration in real estate financing and provide funding for beneficiaries of the Fund's various options targeting low- and middle-income citizens.

The agreement was signed by Ms. Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund, and Mr. Mohamed Abbas Fayed, CEO and Managing Director of FABMISR.

The signing ceremony was attended by several officials from both sides. From the Social Housing and Mortgage Finance Fund, attendees included Ms. Hala Ghazy, Deputy CEO, and Ms. Omnia El Maadawy, General Manager of the General Support Department. Representing FABMISR were Ms. Mariam El Samny, Head of Retail Banking, and Mr. Khaled Mohamed, Head of Mortgage and Payroll Finance.

Ms. Mai Abdel Hamid, CEO of SHMFF, stated that the Fund is keen to strengthen its collaboration with the banking sector to better serve low- and middle-income citizens seeking to own housing units through mortgage financing. These units are offered under the Fund’s various announcements as part of the presidential initiative “Housing for All Egyptians.”

She added that the Fund has successfully expanded the number of participating financing institutions from just four banks at the launch of the initiative to 31 entities following the signing of this protocol — including 23 banks and eight mortgage finance institutions.

She also stated that the cooperation protocol with FABMISR will provide EGP 500 million in mortgage financing to support low- and middle-income citizens in acquiring housing units offered through the Fund’s various options.

For his part, Mr. Mohamed Abbas Fayed, CEO and Managing Director of FABMISR, said that the signing of this protocol comes as part of the bank’s ongoing efforts to support mortgage financing programs dedicated to low- and middle-income citizens, in line with Egypt’s Vision 2030 and the principles of social and economic sustainability. He explained that the bank firmly believes that every citizen has the right to decent housing; therefore, it is working to simplify financing procedures and provide flexible banking solutions tailored to different income segments.

Furthermore, he said this collaboration with SHMFF reflects the bank's commitment to supporting state initiatives aimed at achieving social justice and enhancing the quality of life for citizens.

The signing of the protocol also aligns with FABMISR’s strategy to enhance and expand the base of beneficiaries of its banking services by providing responsible and sustainable financing solutions that empower citizens both economically and socially.

At the conclusion of the signing, both parties expressed their shared commitment to continuing their close cooperation, affirming that this protocol marks only the beginning of further collaboration in the coming period, in a way that benefits citizens and contributes to their obtaining suitable housing under affordable terms.