SANAD Provides First Tier II Capital in Egypt to Banque du Caire

The SANAD Fund for MSME (SANAD) has provided its first Tier II capital investment in Egypt to long-standing partner Banque du Caire. The investment will strengthen the bank’s capital base by $30 million.

Through the transaction, the fund aims to boost Banque du Caire’s strong growth plans and ability to provide local businesses, including micro, small, and medium enterprises (MSMEs) and agricultural producers as well as microfinance institutions, with much-needed liquidity to different client segments in a business environment made difficult by the COVID-19 crisis.