As part of Suez Canal Bank’s keenness to strengthening its role in the community, the Bank cooperated with Sonaa El Kheir Foundation to implement the “Marakeb Rezk” initiative in Kebrit El Mafarek Village in Suez Governorate. The initiative aims to provide 50 fishing boats, fully equipped with fishing tools and supplies, to 100 beneficiaries, with two fishermen per boat. The initiative is held under the auspices the Central Bank of Egypt’s Central CSR Unit.

The fishing boats were handed over to the beneficiaries during an event held in Suez Governorate, attended by Mr. Moataz Abdel Gelil, Head of Marketing, Corporate Communications and CSR at Suez Canal Bank, Major General Aref Abdel Aziz El Barkawy, Assistant Secretary General of Suez Governorate, Mr. Hatem Metwally, Deputy Head of the technical secretariat of the National Alliance for Civil and Development work, Mr. Hany Abdel Fatah, CEO of Sonaa El Kheir Foundation, Dr. Nehal Balbaa, Vice Chairperson of the Board of Trustees at Sonaa El Kheir Foundation.

The initiative aims to support the economic empowerment of the beneficiaries by providing them with the tools needed to build a sustainable source of income. It also provides banking services suited to their needs and the nature of their work, including the “Bedaya – for Craftsmen and Self-Employed” financial inclusion account.

In this context, Mr. Moataz Abdel Gelil, Head of Marketing, Corporate Communications and CSR at Suez Canal Bank, said that the “Marakeb Rezk” initiative reflects the Bank’s vision for CSR, which focuses on providing integrated community solutions that go beyond direct financial support to beneficiaries. It also creates opportunities for economic empowerment and supports microenterprises and self-employment, contributing to a lasting economic and social impact.

He added that the Bank’s vision for CSR focuses on directing its contributions toward initiatives with a sustainable development impact. This reflects the Bank’s belief that its role goes beyond providing financial services to being a partner in supporting development efforts, in line with Egypt Vision 2030 and the Central Bank of Egypt’s directions.

Mr. Hany Abdel Fatah, CEO of Sonaa El Kheir Foundation, said that the “Marakeb Rezk” initiative highlights the importance of cooperation between civil society organizations and the banking sector in implementing development initiatives that respond to the needs of the most vulnerable groups. It also turns support into real opportunities for work and production, helping improve the living standards of the beneficiaries and their families.