Banque Misr backs Andalusia Hospital Maadi’s 70-bed expansion with US$12.4M in Cairo

EGYPT—Banque Misr has signed an eight-year financing agreement valued at EGP 300 million (US$5.9 million) and US$6.5 million with Andalusia Health Group to support major construction and medical expansions at Andalusia Hospital Maadi in Cairo.

The agreement reinforces the bank’s strategy of channeling capital into sectors with direct developmental impact, particularly healthcare, as Egypt continues to strengthen its medical infrastructure.

The deal was signed on May 6 in the presence of senior executives from both institutions, according to the bank’s latest disclosure.

Under the agreement, the funding will finance the addition of 70 new beds at Andalusia Hospital Maadi, significantly increasing the facility’s capacity to serve patients.

The expansion will also include upgrades to clinical infrastructure and medical equipment, enabling the hospital to deliver more integrated and specialised healthcare services while responding to rising patient demand.

Banque Misr expands healthcare financing push

The latest financing comes just days after Banque Misr led a separate banking consortium to secure approximately EGP 3 billion (US$58.8 million) and more than US$35 million for the construction and outfitting of Andalusia October Hospital, a 225-bed integrated healthcare facility in 6th of October City.

That transaction highlighted the bank’s growing focus on healthcare financing as part of its broader investment strategy.

Hesham Okasha, Chief Executive Officer of Banque Misr, said the bank remains committed to offering integrated financing solutions tailored to strategic sectors.

He explained that directing resources toward healthcare aligns with the institution’s goal of supporting projects that address immediate societal needs while generating long-term economic value.

He added that the bank views medical infrastructure expansion as essential to improving operational efficiency and raising healthcare quality standards.

According to Okasha, Banque Misr continues to leverage its specialised banking expertise to structure financing that supports sustainable growth across Egypt’s healthcare ecosystem.

This healthcare-focused approach builds on a series of recent Banque Misr financing deals, including credit facilities for real estate and industrial development projects, reflecting the lender’s increasingly active role in supporting national investment priorities.

Andalusia health targets strategic growth

Hazem Zaqzouq, CEO, Vice Chairperson and Managing Director of Andalusia Health Group in Egypt and Saudi Arabia, said the group currently manages assets valued at US$1 billion.

He described the Maadi expansion as a practical demonstration of Andalusia’s ability to execute healthcare projects in demanding operating environments.

Despite tight implementation timelines and ongoing supply chain pressures, Zaqzouq said the group’s integrated planning, development, and operational model enabled smooth execution.

He noted that Banque Misr’s support reflects confidence in Andalusia’s operational resilience and growth strategy.

He also stressed that the partnership extends beyond financing, describing it as a strategic collaboration designed to help the group scale healthcare delivery in Egypt while balancing sound financial planning with operational efficiency.