GB Capital, a subsidiary of GB Corp., has inaugurated a new subsidiary named ‘Kreit’ dedicated to addressing the financing requirements of small and medium enterprises (SMEs) in Egypt. The launch comes with an initial capital injection of 35 million Egyptian pounds, marking a significant commitment to supporting the growth and development of SMEs in the country.
Kreit stands out as a pioneering lending company duly licensed by the Financial Regulatory Authority (FRA). It aims to provide comprehensive financial solutions that contribute to the advancement of the Egyptian economy. The company’s strategic focus encompasses entrepreneurs, green projects, manufacturers, exporters, and potential expansions for various businesses.
Ahmed Imam, a Managing Board Member of Kredit, emphasized the company’s commitment to serving a diverse range of entities, emphasizing its role in fostering economic development. The initiation of Kreit represents a key milestone in GB Capital’s efforts to contribute to the financial landscape by facilitating accessible and tailored financing options for SMEs in Egypt.
