Nqood for Financing in Advanced Negotiations for EGP 500 Million Credit Facilities to Support SME Expansion in Egypt
Nqood for Financing has entered advanced negotiations with a group of local banks to secure new credit facilities worth approximately EGP 500 million. The company expects to finalize these arrangements during the coming year as part of its expansion strategy to strengthen financing solutions for small and medium-sized enterprises (SMEs) in the Egyptian market.
The new funding will support Nqood’s plans to broaden its portfolio and deliver innovative and flexible financial products tailored to the needs of growing businesses. By expanding its lending capabilities, the company aims to empower entrepreneurs, enhance business scalability, and contribute to overall national economic development.
The negotiations also aim to reinforce Nqood’s financial solvency and broaden its cooperation network with banks and financial institutions across the country. This is expected to raise efficiency in financing services and diversify funding sources to meet increasing demand in the coming period.
Nqood reaffirmed its commitment to playing a pivotal role in supporting high-potential projects and accelerating economic growth through fast, accessible, and tailored financing solutions designed to serve various productive sectors.