Noqood Finance Secures 100 million EGP from Suez Canal Bank to Support the SME Sector

Noqood Finance, a subsidiary of Noqood Holding and a specialized financing provider for small and medium enterprises (SMEs), has announced securing a 100 million EGP credit facility from Suez Canal Bank.

This funding aligns with the company’s strategy to strengthen its role in supporting the SME sector, a cornerstone for economic growth and job creation in Egypt.

The new facility will allow Noqood to expand its tailored financing services, enabling more businesses to access flexible and efficient funding solutions.

Commenting on the announcement, Hazem Anber, CEO of Noqood Finance, stated:
“We are committed to empowering entrepreneurs and SMEs owners with accessible and agile financial tools.

Supporting this vital sector is an investment in Egypt’s sustainable economic future.”
He further emphasized that the company leverages advanced technology to simplify financing processes, ensuring speed, transparency, and an enhanced client experience.

Noqood Finance is licensed by the Financial Regulatory Authority and follows a strategy that supports financial inclusion and innovation in financial services.