A cooperation agreement between "ADIB Egypt" and "New Avenue"

Abu Dhabi Islamic Bank (ADIB) signed A cooperation agreement with New Avenue, a leading  Real Estate Co., to provide property financing services to the company's clients with competitive returns and repayment periods of up to 15 years to new and existing clients. This agreement comes in light of the strategy of "ADIB Egypt", which is to provide banking solutions and financing methods aimed at facilitating its customers and benefiting from property financing services.

Under the agreement, the "company" clients will benefit from many property financing solutions and competitive interest rates, whether it is to buy residential or commercial units. ADIB Egypt will provide property financing for residential units at a rate of up to 80%, with a value of up to EGP15 million, to be repaid within a period of up to 15 years, and commercial or administrative real estate financing at a rate of up to 70%, and with a value of up to EGP 25 million, to be repaid within a period of up to 10 years
Mohamed Ali, CEO and Managing Director of ADIB Egypt, stated: "We have the pleasure to provide our financial services and subsidize companies that contribute to supporting the property finance sector and boost the economic development process in Egypt in general, as we always seek to support the leading companies in this field".