SAIB pens EGP 300M financing deal with Erada Finance to support MSMEs

Societe Arabe Internationale De Banque (SAIB) has signed a medium-term financing agreement worth EGP 300 million with Erada Finance to expand funding for micro, small, and medium-sized enterprises (MSMEs), according to a press release.

Afdal Naguib, the CEO and Managing Director of SAIB, said the deal supports the bank's efforts to support the MSME sector…