Suez Canal Bank has signed a facility agreement worth EGP 1.2 billion with Madkour Group. This collaboration aims to strengthen the bank’s partnership base by providing innovative and flexible financing solutions to various organizations, thereby contributing to the expansion of their operations and the achievement of their strategic objectives.
The signing ceremony was attended by Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, Mr. Shehab Zidan, Deputy CEO and MD, Mr. AlHaytham ElKobbrosly, Head of Corporate and Investment Banking Services of Suez Canal Bank, Dr. Mostafa Madkour, Chairman and CEO of Madkour Group, Mr. Haitham Kassem, Treasury Director of Madkour Group, Ms. Radwa Mostafa, Chief Investment Officer of Madkour Group, in addition to delegations from both sides.
Mr. Akef El Maghraby, CEO and Managing Director of Suez Canal Bank, stated that the bank is keen to provide comprehensive financing solutions that meet the needs of corporations and contribute to opening new horizons for future cooperation with strategic partners, noting that the cooperation with Madkour reflects the bank’s endeavor to support vital economic sectors.
Dr. Mostafa Madkour, Chairman and CEO of Madkour Group, remarked that this partnership contributes to strengthening the company’s business and expanding the scope of its current and future projects both domestically and internationally, commending the continuous efforts of Suez Canal Bank to support national companies, which in turn contributes to driving the wheel of the national economy.
About Madkour Group: Madkour Group is one of the leading companies in the Egyptian market, with a strong presence in the fields of energy, EPC contracting, industrial solutions, utility services, and innovative solutions. Madkour Group provides its services through branches in Egypt, Saudi Arabia, Oman, Libya, and Equatorial Guinea, striving to serve its customers with the highest level of quality and efficiency.
About Suez Canal Bank: Established in 1978 as an Egyptian joint-stock company, Suez Canal Bank provides a diverse and comprehensive range of banking solutions, products, and financial services to its corporate and individual clients, including Islamic banking services, through 52 branches, in addition to a wide network of ATMs across Egypt.