FABMISR and Orman Association expand partnership with second phase to drive sustainable development
By the end of this phase, First Abu Dhabi Bank Misr will have completed infrastructure development projects, including fully renovating 50 homes, providing a safer and healthier living environment for the community's most vulnerable residents. In addition, the bank is introducing 12 biogas projects, harnessing renewable energy solutions to reduce dependence on traditional fuel sources and promote environmental sustainability. FABMISR is also supporting the agricultural sector by providing 24 cattle heads to further bolster the community's sustainable farming practices.
Furthermore, economic empowerment remains a central pillar of the bank's efforts within the village. First Abu Dhabi Bank Misr will have supported local entrepreneurship for 55 families by facilitating micro-projects that enhance financial inclusion and create sustainable income streams. This includes funding for small businesses such as grocery stores, clothing ventures, cleaning supplies, sewing enterprises, and confectionery shops. To further promote economic growth, FABMISR will also have enhanced financial literacy for 55 individuals, providing them with the knowledge and tools to better manage their finances, which is integral to their ability to sustain and expand their businesses.
Mohamed Abbas Fayed, CEO and Managing Director of FABMISR, commented on the initiative, stating: "The success of the first phase in Al Falouga village has reaffirmed our commitment to creating sustainable and impactful change in communities that need it most. At FABMISR, we believe in driving progress through a holistic approach that not only improves living conditions but also empowers individuals with the tools and opportunities to build a better future. With the launch of the second phase, we continue our efforts to enhance infrastructure, promote renewable energy solutions, and foster economic empowerment, ensuring long-term prosperity for the residents of Al Falouga."
Ahmed Osama El-Gendy, CEO of Orman Association, emphasized the significance of the ongoing collaboration, stating: "Our partnership with FABMISR continues to be a driving force in transforming Al Falouga village and empowering its residents. At Orman Association, we have always been committed to transitioning communities from reliance to self-sufficiency, and this collaboration is a testament to the power of collective action in creating lasting impact by fostering long-term sustainability by supporting economic growth and renewable energy solutions."
It is worth noting that the first phase of the initiative saw the rehabilitation of 25 homes, support for 40 small enterprises, the implementation of 6 biogas projects, and the provision of 12 heads of livestock, in addition to enhancing the financial literacy of 40 individuals. These efforts contributed to improving the living and economic conditions of the village's residents. With the launch of the second phase, First Abu Dhabi Bank Misr continues its efforts to promote sustainable development and elevate the quality of life in communities, reaffirming its commitment to social responsibility and its vision for the future.
About FABMISR:
FABMISR, a subsidiary of the First Abu Dhabi Bank Group (FAB), is one of the largest foreign banks operating in Egypt. FABMISR's local network operates through 72 branches, where it provides leading banking products and services that cater to all customer segments; along with achieving the highest value for its stakeholders and employees. Moreover, the bank offers a personalized banking experience to meet the various expectations of its customers from large organizations, SMEs and consumers whilst utilizing its global experience to support stakeholders, entrepreneurs and the local economy.
FAB is one of the world's largest and safest financial institutions with an international network spanning over five continents. The bank also offers global relationships, extensive experience, and financial strength to support local, regional, and international companies seeking to manage their businesses at home and abroad.
FAB is rated Aa3, AA- and AA- by Moody's, Standard & Poor's (S&P, and Fitch, respectively), making it the most robust aggregate rating of banks in the Middle East and North Africa region. FAB is also a regional leader in sustainability and is part of the MSCI ESG Leaders Index and FTSE4Good EM.
For more information on FABMISR, please visit https://www.fabmisr.com.eg/en/
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
6 days ago
- Zawya
FABMISR launches "Al Oula" – A milestone for women's financial empowerment
Fayed: This launch goes beyond banking; it's about building a platform that truly understands and supports women's evolving needs Cairo – First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, has launched Al Oula, a banking segment crafted to champion women's financial empowerment. This initiative delivers tailored financial solutions for women, combining superior savings benefits with curated lifestyle rewards, further redefining how women in Egypt experience financial services. FABMISR is committed to empowering women by offering financial solutions that align with their aspirations and lifestyles. The Al Oula Savings Account has been thoughtfully designed to provide women with accessible and rewarding banking benefits. With a low entry requirement of just EGP 1,000 to open the account and no minimum balance fees, Al Oula makes saving easier and more inclusive. Account holders also benefit from a free Credit Card packed with exclusive features tailored to women's everyday spending habits. These benefits include special discounts at beauty salons, clinics, online platforms, and more. Additionally, the card offers accelerated reward points on grocery shopping, food delivery services, and ride-hailing apps, adding everyday value to every transaction. Mr. Mohamed Abbas Fayed, CEO and Managing Director of FABMISR, commented: 'This launch goes beyond banking, it's about building a platform that truly understands and supports women's evolving needs, an area that remains underdeveloped in Egypt's financial landscape. With a clear gap in targeted financial offerings, Al Oula is positioned as a first mover in women-focused services. By combining seamless digital onboarding with tailored benefits and lifestyle-driven rewards, we're offering a modern banking experience that empowers women throughout their financial journey.' Women's financial inclusion remains a national priority, aligned with the Egyptian government's broader agenda to advance economic empowerment. According to the Central Bank of Egypt, the number of financially included women rose from 20.3 million to 20.5 million between December 2023 and March 2024, out of a total of 32.3 million. Al Oula stands at the forefront of these efforts, further contributing to the inclusion of an additional 12 million women in the financial inclusion system. About FABMISR: FABMISR, a subsidiary of the First Abu Dhabi Bank Group (FAB), is one of the largest foreign banks operating in Egypt. FABMISR's local network operates through 73 branches, where it provides leading banking products and services that cater to all customer segments; along with achieving the highest value for its stakeholders and employees. Moreover, the bank offers a personalized banking experience to meet the various expectations of its customers from large organizations, SMEs and consumers whilst utilizing its global experience to support stakeholders, entrepreneurs and the local economy. FAB is one of the world's largest and safest financial institutions with an international network spanning over five continents. The bank also offers global relationships, extensive experience, and financial strength to support local, regional, and international companies seeking to manage their businesses at home and abroad. FAB is rated Aa3, AA- and AA- by Moody's, Standard & Poor's (S&P, and Fitch, respectively), making it the most robust aggregate rating of banks in the Middle East and North Africa region. FAB is also a regional leader in sustainability and is part of the MSCI ESG Leaders Index and FTSE4Good EM. For more information on FABMISR, please visit
Zawya
21-07-2025
- Zawya
FABMISR named "Best Egyptian Bank in Overall Performance Indicators for 2025" by the World Union of Arab Bankers
Cairo – First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, has been awarded the prestigious title of "Top Egyptian Bank in Overall Performance Indicators for 2025" by the World Union of Arab Bankers (WUAB). This accolade reflects the strength of FABMISR's business model and the thoughtful execution of its strategy, which centers on innovation and delivering real value to clients. The bank has continued to achieve strong performance, driven by high operational efficiency and adaptability in responding to economic changes. This growth not only reflects the strength of FABMISR's financial performance but also affirms its ability to continue delivering integrated banking solutions that meet the needs of both individuals and businesses, supporting their financial and investment goals. FABMISR continues to play a pivotal role in supporting Egypt's economy through the financing of strategic projects and the expansion of financial inclusion. The bank remains committed to staying ahead of market trends and meeting customer needs through advanced digital solutions and long-term partnerships that drive inclusive growth and national development. Through its strong global presence as part of the First Abu Dhabi Bank Group, FABMISR also facilitates access to international markets for Egyptian businesses, enabling trade and foreign direct investment opportunities that foster sustainable economic growth. The WUAB's awards ceremony is one of the most prestigious events in the Arab banking community, honoring outstanding achievements of banks, bankers, ministers, and governors. Receiving this award reaffirms FABMISR's standing as a trusted banking partner and a benchmark for excellence in the industry. ##Ends## About FABMISR: FABMISR, a subsidiary of the First Abu Dhabi Bank Group (FAB), is one of the largest foreign banks operating in Egypt. FABMISR's local network operates through 73 branches, where it provides leading banking products and services that cater to all customer segments; along with achieving the highest value for its stakeholders and employees. Moreover, the bank offers a personalized banking experience to meet the various expectations of its customers from large organizations, SMEs and consumers whilst utilizing its global experience to support stakeholders, entrepreneurs and the local economy. FAB is one of the world's largest and safest financial institutions with an international network spanning over five continents. The bank also offers global relationships, extensive experience, and financial strength to support local, regional, and international companies seeking to manage their businesses at home and abroad. FAB is rated Aa3, AA- and AA- by Moody's, Standard & Poor's (S&P, and Fitch, respectively), making it the most robust aggregate rating of banks in the Middle East and North Africa region. FAB is also a regional leader in sustainability and is part of the MSCI ESG Leaders Index and FTSE4Good EM. For more information on FABMISR, please visit
Zawya
04-06-2025
- Zawya
Al Baraka Bank Egypt acts as mandated lead arranger in EGP 4.2bln syndicated facility for Redcon Properties for Real Estate Development
Cairo – As part of its strategic vision to enhance its role in the syndicated finance market, Al Baraka Bank Egypt announced its participation as a Mandated Lead Arranger in a syndicated facility valued at EGP 4.2 billion. The facility is extended in favor of Redcon Properties for Real Estate Development to support the execution of its flagship integrated commercial and administrative project, 'Golden Gate,' located in the heart of New Cairo. Al Baraka's contribution to the facility amounts to EGP 1 billion, underscoring the bank's steadfast commitment to advancing the real estate sector through innovative financial solutions. The facility was structured and arranged by First Abu Dhabi Bank Misr (FABMISR), acting as the Initial Mandated Lead Arranger, Bookrunner, Facility Agent, Account Bank, and Security Agent. The syndicate includes Al Baraka Bank Egypt and Abu Dhabi Commercial Bank (ADCB) as Mandated Lead Arrangers, alongside Arab Bank and Emirates NBD Egypt as Lead Arrangers. Matouk Bassiouny & Hennawy (MBH), acted as the Lenders Legal counsel marking a strong show of confidence in the project's viability and long-term impact. Commenting on the announcement, Mr. Hazem Hegazy, CEO and Vice Chairman of Al Baraka Bank Egypt, stated: 'Our participation in the Golden Gate project through this syndicated structure is a clear testament to our ongoing efforts to support the real estate sector and contribute meaningfully to urban development in Egypt. We believe syndicated facilities are an essential mechanism for mobilizing investment in projects that offer both economic and societal value. Our commitment to delivering comprehensive financial solutions reflects our mission to empower clients with sustainable growth opportunities while supporting projects that improve urban infrastructure and quality of life, consistent with Egypt's vision for planned urban expansion.' Eng. Tarek El Gamal, Chairman of Redcon Properties for Real Estate Development, emphasized the significance of the project, stating: "Golden Gate marks a turning point in urban development concepts. Our goal is to create an integrated experience that redefines modern commercial and administrative communities in Egypt, offering vibrant spaces that cater to diverse societal needs with a strong focus on environmental responsibility. The project spans a total built-up area of 178,655 square meters and features world-class commercial and office units, making it an attractive destination for local and international investors. This financing reflects the market's trust in our long-term strategic vision and highlights a successful model of collaboration between the real estate and banking sectors in support of national development objectives.' The financial alliance, led by FABMISR, further cements Golden Gate's status as one of East Cairo's most prominent mixed-use developments. Strategically located in New Cairo directly across from the American University in Cairo (AUC), the project boasts a 1.2-kilometer frontage on South 90 Street and lies just 400 meters from the nearest monorail station, ensuring seamless connectivity with the area's modern transport and infrastructure networks. It is noteworthy that Al Baraka Bank Egypt participated in 12 syndicated facilities during 2024, contributing over EGP 6 billion to major projects in key sectors, including energy, real estate, and agribusiness. This demonstrates the bank's depth of expertise in structuring high-impact financing solutions that advance Egypt's sustainable economic development.
