Noqood Finance, a unit of Noqood Holding, has secured a licence to engage in financing small and medium-sized enterprises (SMEs) under the supervision of the Financial Regulatory Authority – FRA.
The move comes as part of efforts to support the role of the private sector in supporting the national economy and to complement the efforts of the Financial Regulatory Authority in providing all forms of support to emerging companies for the development and expansion of their businesses to serve the national economy, which play an influential and effective role in the Egyptian economy.
Noqood Finance seeks to provide tailored financial investments and innovative solutions for small and medium projects that meet the needs of the community and enhance sustainable development, in addition to advisory services.
The company aims to support projects that improve the quality of life and enhance the economic and social infrastructure of the Egyptian community.
“We strive to support small and medium-sized enterprises in achieving their success and business objectives. The company will serve as an advanced platform specialised in meeting the diverse and unique financial needs of small and medium-sized enterprises,” said Hazem Anbar, the CEO of Noqood Finance.
“The acquisition of the final license by Noqood Finance reflects great confidence in the company’s ability to provide high-quality and market-compatible financial services to support the Egyptian state’s vision for financial inclusion and digital transformation.”
Noqood Finance aims to support entrepreneurship and financing small and medium-sized enterprises, which are essential pillars of the national economy. The company aims to provide innovative and suitable financial solutions that meet the needs of companies, thereby contributing to the enhancement of economic activity, job creation, and the growth of the private sector in Egypt.
