Latest news with #FABMISR
Zawya
03-08-2025
- Business
- 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
bnok24
21-07-2025
- Business
- bnok24
FABMISR Named "Best Egyptian Bank in Overall Performance Indicators for 2025" by the World Union of Arab Bankers
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 Google News تابعونا على تابعونا على تطبيق نبض جاري التحميل ...
Zawya
21-07-2025
- Business
- 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
- Business
- 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.
Zawya
03-06-2025
- Business
- Zawya
Egypt: Redcon secures $80mln loan led by FABMISR for Golden Gate development
Arab Finance: First Abu Dhabi Bank Misr (FABMISR) has led a syndicated loan worth EGP 4.2 billion to finance the development of Redcon Properties' flagship Golden Gate project, a major commercial and administrative complex in New Cairo, as per an emailed press release. FABMISR served as the initial mandated lead arranger, bookrunner, facility agent, security agent, and account bank for the deal. The syndicate also includes Al Baraka Bank Egypt and Abu Dhabi Commercial Bank as mandated lead arrangers, alongside Arab Bank and Emirates NBD Egypt as lead arrangers. Meanwhile, Matouk Bassiouny & Hennawy acted as legal counsel to the lenders. Initially set at EGP 3.5 billion, the facility was oversubscribed by 1.2 times, triggering the Greenshoe Option and increasing the loan size to EGP 4.2 billion. Golden Gate, located on South 90 Street opposite the American University in Cairo and 400 meters from the nearest monorail station, is positioned as one of East Cairo's key mixed-use developments. The project includes extensive retail and leisure offerings and features one of Egypt's largest underground parking facilities, spanning 250,000 square meters over two levels. Designed to meet high sustainability standards, the development is projected to cut service costs by 40% and is promoted as Egypt's largest green, mixed-use complex. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
