Cairo, September 2024: Al Ahli Bank of Kuwait - Egypt signed a cooperation protocol with Alhassan Foundation to fund 10 breadwinner women with physical disabilities to start small projects in five Governorates across Egypt (Aswan, Assiut, Fayoum, Beni Suef, and Menoufia). This initiative is part of “Masdar Rizk” project that aims at contributing to sustainable development through integrating individuals with disabilities and improving the lives of the underprivilege families and those in need.

This cooperation stems from ABK-Egypt’s eagerness to support various inclusion initiatives and the Bank’s active role in Corporate Social Responsibility. In addition, the launch of this new initiative with Alhassan Foundation further strengthens both parties’ commitment to achieving social integration and economic empowerment of individuals with physical disabilities. "Masdar Rizk" project aims at providing a steady income for female beneficiaries who are capable of working to help them provide a decent life for their families. This is achieved by helping them apply for suitable jobs or funding small projects and thereby promote the idea of self-reliance.

For over ten years, Alhassan Foundation has been supporting people with disabilities through developmental projects that offer practical and realistic solutions. These projects aim at achieving effective inclusion of people with disabilities by providing them with fair opportunities to positively engage in society and enabling their physical and financial independence. 

Alhassan is the only developmental organization in Egypt and the Arab world specialized in serving permanent wheelchair users, is also proudly a Disabled People’s Organization (DPO) as more than 50% of its board members and over 70% of its employees are wheelchair users.

ABK-Egypt has always set Corporate Social Responsibility as an integral pillar in its well-articulated strategy. Since it started its operations in Egypt in 2016, the Bank has actively supported the communities in which it operates through various social initiatives, including providing financial relief, shelter, educational and medical support, and food supplies to the underprivileged. The Bank strongly believes in the direct impact of sustainable development on economic stability, and the positive role of sustainable finance on long-term growth, which necessitates giving primary focus on funding projects and activities of positive economic, social, and environmental impact.