Egypt's Social Housing and Mortgage Finance Fund (SHMFF) and QNB Alahli Bank have signed a cooperation protocol valued at 2 billion Egyptian pounds ($64.7 million) to provide real estate financing to citizens. This collaboration aims to facilitate housing financing options for low and middle-income individuals seeking housing units offered by SHMFF.
The new funding increases the total amount allocated by QNB Alahli Bank for SHMFF's clients to $161.8 million. This partnership underscores the commitment of both organizations to enhance cooperation, with future plans for broader collaboration to benefit citizens aspiring to secure their housing units through SHMFF.