Cairo – Mohamed Abbas Fayed, FABMISR CEO and Managing Director, received the three Egyptian winners of FAB’s Future Business Leader’s Competition. The competition was launched in the UAE and Egypt by FAB Group, with the aim of allowing university students from both countries to present their ideas and aspirations regarding the role of the business sector in supporting the sustainability agenda at the national and global levels.

Fayed handed the monetary award of the competition to the 3 young innovators; he also listened to their experiences and unique suggestions, which played an essential role in their triumph, during a brunch at the FABMISR’s headquarters in Cairo that was attended by the bank’s senior management representatives.

Furthermore, Fayed pointed out that it’s vital to consistently acknowledge and support such bright youthful talents, who have creative skills and talents that enabled them to bring up innovative and applicable solutions.  FAB Group is also mindful that youth today are well aware of the importance of sustainability, and it is willing to encourage them and deepen their knowledge about the financial aspects of the sustainability.

   The six winners from Egypt and UAE were announced during the Conference of the Parties to the United Nations Climate Convention "COP27", which was held in Sharm El-Sheikh last November.

This competition comes in line with FAB's ESG strategy and reaffirms the bank's genuine interest in building youth capabilities, as well as fostering promising talents to become future leaders. Additionally, FAB strives to create a tangible impact on the communities it operates in by hosting and sponsoring similar events, especially those that aim at raising awareness of sustainability and green finance, on a regular basis.

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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 62 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 www.bankfab.com/en-eg.