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A banking consortium led by Banque Misr, acting as the Initial Mandated Lead Arranger, Facility Agent, Security Agent, Account Bank, and Lender, together with Abu Dhabi Commercial Bank Egypt (ADCB) as Lead arranger and lender, and the Arab International Bank (SAIB) as Lead arranger and lender, has successfully arranged a syndicated financing facility in favor of Andalusia October Hospital Company. The total financing amounts to approximately EGP 3 billion and more than USD 35 million, with a tenor of up to 10 years, to finance the construction and equipping of a fully integrated hospital in 6th.of October City under the umbrella of Andalusia Hospitals Group.
The project will be implemented over a total area of approximately 18,150 square meters, with a capacity of 225 beds and 50 outpatient clinics, reflecting the scale of the investment and its importance in supporting Egypt’s healthcare system.
The signing ceremony took place on Wednesday, 6th. of May 2026, in the presence of Mr. Hisham Okasha, Chief Executive Officer of Bank Misr; Mr. Ihab ElSewerky, Managing Director and Chief Executive Officer of Abu Dhabi Commercial Bank Egypt (ADCB); Mr. Afdal Naguib, Chief Executive Officer of the Arab International Bank (SAIB); and Dr. Hazem Darwish Zagzoug, Chairman and Managing Director of Andalusia Group in Egypt and Saudi Arabia, alongside senior executives from the participating banks and the Group.
Mr. Hisham Okasha, Chief Executive Officer of Banque Misr, stated: “Banque Misr’s participation in this financing reflects its continued pioneering role in leading banking alliances that support various vital sectors, foremost among them the healthcare sector, which represents one of the key pillars of sustainable development and quality of life improvement. The Bank remains committed to financing projects that contribute to the development of medical infrastructure and the provision of advanced healthcare services in accordance with the highest international standards, in line with Egypt Vision 2030 and sustainable development plans.”
He also praised the fruitful cooperation among the teams of the participating banks, which reflects professionalism and efficiency in executing syndicated financing transactions, emphasizing that highly trained banking professionals remain a fundamental pillar for the success of financing operations.
In this context, Dr. Hazem Zagzoug, Chairman and Managing Director of Andalusia Group in Egypt and Saudi Arabia, with Assets Under Management (AUM) totaling USD 1 billion, stated that the financing of Andalusia October Hospital represents a strategic investment within Andalusia Health’s long-term growth plan and a clear reflection of financial institutions’ confidence in the Group’s operational model and its ability to execute major healthcare projects based on an investment and implementation model that ensures operational and investment efficiency.
The project forms part of an integrated investment program aimed at enhancing and expanding the Group’s operational capacity in Egypt, with the objective of doubling its current capabilities over the medium and long term.
He added that the project comes in response to the rapid growth in West Cairo and the increasing demand for high-quality healthcare services in the area. It represents the beginning of a new phase in the development of an integrated healthcare ecosystem through the combination of specialized medical expertise, advanced technology, smart design, and operational efficiency, thereby supporting sustainable performance and contributing to the goals of Egypt Vision 2030.
He further explained that this model enables the integration of design and development phases with operational efficiency from the outset, ensuring the facility is fully prepared to achieve the highest levels of performance while significantly reducing the time between project development and operational launch compared to conventional industry timelines.
Dr. Zagzoug also affirmed that the project, spanning a built-up area of 18,000 square meters with a capacity exceeding 200 beds and dozens of specialized clinics, will constitute a qualitative addition to the medical infrastructure in West Cairo and serve as a launchpad toward a fully integrated healing environment that contributes to creating real employment opportunities and driving sustainable economic growth.
He concluded by expressing appreciation for the support of the banking consortium, emphasizing that Andalusia Health views this project as an investment in people before infrastructure, as well as a testament to the financial sector’s confidence in the Group’s mission and its ability to transform ambitions into tangible realities that serve society and meet future needs.
The participating banks reaffirmed their commitment to supporting the healthcare sector as one of the most strategic sectors directly impacting citizens’ lives. They also reiterated their dedication to financing projects that enhance the quality of healthcare services, promote investment in this vital sector, and support all activities that contribute to improving the quality of life for Egyptian citizens.
Mr. Ihab ElSewerky , Managing Director and Chief Executive Officer of Abu Dhabi Commercial Bank Egypt (ADCB), commented: “The Bank’s participation in this syndicated loan comes within the framework of our ongoing commitment to sustainable finance and our strategic direction toward supporting impactful projects with environmental and social value that serve the national system. Through the participation of major banks, this financing for Andalusia Hospital contributes to the development of a more efficient and inclusive healthcare system. This participation also reflects the Bank’s continued efforts to provide sustainable financing products, which have significantly expanded the Bank’s sustainable finance portfolio over recent years, demonstrating our commitment to embedding sustainability principles at the core of our operations in support of Egypt Vision 2030 and the creation of sustainable value for society.”
Mr. Afdal Naguib, Chief Executive Officer of the Arab International Bank (saib), stated that the Bank’s participation in the financing transaction comes through its role as Lead Arranger and Main Lender, financing part of the investment cost in Egyptian pounds with a contribution of EGP 600 million out of the total EGP 2.917 billion financing package, in addition to financing part of the investment cost in US dollars with a contribution of USD 10 million out of the total USD 35.366 million financing package. He noted that the loan tenor extends to 10 years.
He further highlighted that the healthcare sector represents a key driver of economic growth, as it is one of the most stimulating sectors for economic activity. He explained that banking sector support for such projects contributes to boosting the national economy and increasing Gross Domestic Product (GDP).