Bank Misr Leads EGP 3B+ Syndicate to Finance Andalusia Health’s Mega-Hospital Projects in Egypt
In a landmark move for Egypt’s healthcare infrastructure, Bank Misr, in collaboration with ADCB Egypt and saib Bank, has finalized a major financing package for Andalusia Health Group. The deal includes a strategic facility of EGP 3 billion and over $35 million dedicated to the construction and equipping of the "Andalusia October Hospital." This smart medical facility, spanning 18,150 sqm with a 225-bed capacity, is designed to set new global standards for healthcare in West Cairo.
Hisham Okasha, CEO of Bank Misr, emphasized that this financing reflects the bank’s commitment to Egypt’s Vision 2030 by prioritizing the healthcare sector as a pillar of sustainable development. Simultaneously, Bank Misr provided an additional facility of EGP 300 million and $6.5 million for the expansion of Andalusia Maadi Hospital, adding 70 beds to meet rising demand. The partnership underscores the banking sector's confidence in Andalusia’s integrated operating model and its ability to deliver high-impact medical landmarks.