First Abu Dhabi Bank Misr (FABMISR), a prominent financial institution in Egypt, has entered into a strategic partnership with Cayesh, a pioneer in supply chain finance (SCF) within the country. This collaboration aims to introduce innovative lending initiatives specifically designed for micro, small, and medium enterprises (MSMEs) and leverage FABMISR’s extensive corporate portfolio. The initiative involves an initial investment of EGP1bn (US$21m) in its first year, with plans to expand the fund to EGP3-4bn (US$84m) in the following year.
