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Social Housing Fund & CIB Sign Agreement to Raise Mortgage Financing to EGP 12 Billion

Social Housing Fund & CIB Sign Agreement to Raise Mortgage Financing to EGP 12 Billion

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The Social Housing and Mortgage Finance Fund has renewed cooperation with CIB (Commercial International Bank – Egypt), agreeing to increase the mortgage financing budget allocated for residential units to EGP 12 billion. The agreement aims to support eligible low- and middle-income families in acquiring affordable housing by expanding funding availability and easing financing conditions. This renewed partnership continues longstanding collaboration between the Fund and CIB, offering flexible mortgage solutions to facilitate home ownership and help address the housing demand in Egypt’s growing urban areas.

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