As part of Banque Misr’s leading role in supporting vital sectors and enhancing investments with developmental impact, particularly the healthcare sector, Banque Misr signed on Wednesday, May 6, 2026, a financing agreement with Andalusia Hospital amounting to EGP 300 million and USD 6.5 million. 

The financing tenor extends up to 8 years, aiming to fund the constructional and medical expansions at Andalusia Maadi Hospital.

The signing ceremony was attended by Mr. Hisham Okasha – CEO of Banque Misr, Dr. Hazem Darwish Zagzoug – CEO, Vice Chairman of the Board, and Managing Director of Andalusia Health Group in Egypt and Saudi Arabia, and Mr. Amr Demerdash – Head of Corporate Credit and Syndicated Loans at Banque Misr, along with senior executives from the Bank and the Group.

This financing aims to add a new capacity of 70 beds to Andalusia Maadi Hospital, which directly contributes to enhancing the hospital's ability to provide more comprehensive healthcare services and meet the growing demand for specialized medical services according to the highest standards.

Mr. Hisham Okasha, CEO of Banque Misr, emphasized:
“Banque Misr is always keen to provide an integrated package of financing solutions that meet the requirements of various sectors. This financing reflects the Bank’s strategy of channeling resources towards sectors that directly address community needs, foremost among them the healthcare sector. 

We believe in the importance of supporting expansions and development within major medical institutions, thereby enhancing their operational efficiency and elevating the quality of healthcare services provided to citizens, ensuring the best added value for developmental projects. This is backed by specialized banking expertise capable of managing financing efficiently.”

Dr. Hazem Darwish Zagzoug, CEO and Vice Chairman of Andalusia Health Group in Egypt and Saudi Arabia, stated that the Group manages assets under management (AUM) of USD 1 billion, noting that the Andalusia Maadi Hospital expansion project represents a practical model of the Group’s ability to implement healthcare projects in complex operating environments. Despite logistical and operational challenges related to tight timelines and supply chain constraints, the Group’s reliance on an integrated system of planning, development, and operations—supported by an investment-driven mindset—enabled the successful execution of the project.

He added that this cooperation with Banque Misr, reflects a clear confidence in the group's ability to manage these challenges efficiently, stressing that the relationship goes beyond being a credit facility to a partnership that supports operational expansion and keeps pace with the increasing demand for healthcare services in Egypt.

He affirmed that the success of this type of project is linked to the ability of the operational model to achieve a balance between financial planning and operational efficiency, which the group works on consolidating across its various projects.

Banque Misr continues to solidify its position as a key success partner for major institutions by providing the necessary financing for developmental, healthcare, and investment projects, which enhances economic growth and supports the comprehensive development plans of the country.