16 February 2019 07:58 PM

Nasr signs two agreements with Saudi grant committee

Thursday، 08 February 2018 - 12:16 PM

Minister of Investment and International Cooperation Sahar Nasr has inked two investment agreements with a Saudi grant committee to contribute to financing start-ups, entrepreneurship and micro-scale projects, as well as supporting workers at the participatory transport and healthcare sectors, at a total cost of EGP 250 million.

The other agreement comes within the framework of "Fekretak Sherketak" (your idea is your company) initiative, in cooperation with the Saudi Fund for Development (SFD).

In a statement, the ministry said that the first deal, worth EGP 100 million and was signed by Assistant Investment Minister Shehab Marzban, Hassan Al Attas of the Saudi grant committee, along with Hazem Moussa and Saeed Zaatar, the board members of "Plus" for Financial Leasing, a company affiliated to "Sarwa Capital".

The second deal, worth EGP 150 million was inked with Hassan Al Attas and CEO and managing director of EFG Hermes Leasing Ahmed el Kholy, the statement added.

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