Thursday, June 25, 2026, 5:31 PM
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CIB Foundation Commits EGP 46.25 Million in a Landmark Partnership with the Egyptian Clothing Bank to Support Underprivileged Communities

Thursday 25 June 2026 10:52
CIB Foundation Commits EGP 46.25 Million in a Landmark Partnership with the Egyptian Clothing Bank to Support Underprivileged Communities

 Solidifying a powerful alliance for social good, the CIB Foundation has announced a strategic EGP 46.25 million funding agreement with the Egyptian Clothing Bank. This financial commitment is directed toward supplying 125,000 winter clothing sets to targeted governorates, serving as a pillar of the foundation's expansive Corporate Social Responsibility (CSR) strategy.

High-Profile Signing Ceremony: The formal signing of the agreement brought together prominent figures and board members from both institutions, reflecting the high-level strategic importance of this humanitarian partnership.

Representing the CIB Foundation at the ceremony were:

Mr. Hisham Ezz Al-Arab, Chairman of the Board of Trustees.

Mr. Amr El-Ganainy, Vice Chairman.

Ms. Nadia Hosny, Secretary General.

Dr. Dalia Abdel Kader, Ms. Abeer Essam, and Ms. Nermine Farrag, Board Members.

Mr. Ahmed El-Banna, Treasurer.

Eng. Sherif El-Saeed, Foundation Director, and Ms. Irene Safwat, Senior Program Planner.

Representing the Egyptian Clothing Bank were:

Ms. Ghada Waly, Chairperson of the Board of Trustees.

Dr. Moez El-Shohdi, Vice Chairman.

Eng. Wael Olama, Founder of the Egyptian Clothing Bank.

Mr. Karim Taha, Treasurer.

Mr. Sayed Abu El-Komsan and Ms. Manal Olama, Board Members.

This robust collaboration between leading financial and charitable institutions sets a benchmark for impactful, cross-sector partnerships aimed at driving sustainable social development across Egypt.