Social Housing Fund, QNB Alahli ink mortgage deal for low-income citizens in Egypt

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The protocol aims to provide new real estate financing to low and medium-income citizens who submitted requests to buy real estate units offered by the fund

Staff Writer, Arab Finance

October 3, 2023

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The Social Housing and Mortgage Finance Fund has signed a cooperation protocol with QNB Alahli to offer real estate financing worth EGP 2 billion to low and medium-income citizens, Ministry of Housing, Utilities and Urban Communities stated.

This brings the total mortgage provided by the bank to the fund to EGP 5 billion, the fund’s CEO Mai Abdel Hamid said.

The protocol aims to provide new real estate financing to low and medium-income citizens who submitted requests to buy real estate units offered by the fund.

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