Suez Canal Bank has partnered 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 assigned to each boat. The initiative is being implemented under the auspices of 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 Moataz Abdel Gelil, Head of Marketing, Corporate Communications and CSR at Suez Canal Bank; Aref Abdel Aziz El Barkawy, Assistant Secretary-General of Suez Governorate; Hatem Metwally, Deputy Head of the Technical Secretariat of the National Alliance for Civil and Development Work; Hany Abdel Fatah, CEO of Sonaa El Kheir Foundation; and Nehal Balbaa, Vice Chairperson of the Board of Trustees at Sonaa El Kheir Foundation.
The initiative aims to support the economic empowerment of beneficiaries by providing them with the tools needed to build a sustainable source of income. It also provides banking services tailored to their needs and the nature of their work, including the “Bedaya – for Craftsmen and Self-Employed” financial inclusion account.
In this context, 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, supports microenterprises and self-employment, and contributes to achieving a lasting economic and social impact.
He added that the bank’s CSR vision focuses on directing its contributions towards initiatives with a sustainable development impact. This reflects the bank’s belief that its role extends beyond providing financial services to becoming a partner in supporting development efforts, in line with Egypt Vision 2030 and the directions of the Central Bank of Egypt.
Hany Abdel Fatah, CEO of Sonaa El Kheir Foundation, said that the “Marakeb Rezk” initiative highlights the importance of cooperation between civil society organisations and the banking sector in implementing development initiatives that respond to the needs of the most vulnerable groups. It also transforms support into real opportunities for work and production, helping improve the living standards of beneficiaries and their families.
