Cairo – Mubasher: Al Baraka Bank Egypt recently made a donation amounting to EGP 5 million to Sheikh Saleh Kamel Secondary School for Applied Technology and Ready-Made Garments which is affiliated with The Saleh Abdullah Kamel Humanitarian Foundation, according to a press release.
The contribution was made as part of a joint coordination with the Ministry of Education and Technical Education, and through a partnership between Al Baraka Bank Egypt and the Federation of Egyptian Industries, to cover the school’s expenses in Tanta City.
The donation aims to boost specialized technical education, being in line with the bank’s commitment to supporting education and enhancing its role in corporate social responsibility.
The CEO and Vice Chairman of Al Baraka Bank Egypt, Hazem Hegzay, said: "At Al Baraka Bank Egypt, we believe that quality education is the fundamental pillar for building a society capable of keeping pace with economic and social changes. This contribution supports the National Strategy to reform and develop Technical Education launched by the Ministry of Education and Technical Education, with the aim of elevating this type of education and linking it to labor market needs.”
Hegazy added: “Advancing technical education requires concerted efforts and integrated roles, and we at Al Baraka Bank are committed to continuing to support these strategic partnerships that place Egypt's youth at the heart of the development process."
The donation is specifically allocated to cover students' tuition fees, provide essential educational tools, and fund staff salaries, electricity costs, and operational services.
Meanwhile, Acting Executive Director of The Saleh Abdullah Kamel Humanitarian Foundation, Mahmoud Khedr, noted: "We commend this generous initiative from Al Baraka Bank Egypt, which directly contributes to providing a comprehensive educational environment for our students by funding the school's essential needs, whether in terms of tools, infrastructure, or human resources.”
Khedr added: “This support gains double importance in light of the unique advantages the school offers, which include students receiving two accredited certificates; AHK certificate from the German-Arab Chamber of Industry and Commerce (GACIC), and another Egyptian certificate that complies with modern standards, in addition to studying the German language.”
He concluded: “We also provide students with vocational training within factories, daily transportation, and meals, which enhances our ability to graduate a generation scientifically and practically qualified, and capable of competing in local and international labor markets."
Building on this shared vision, this initiative reinforces Al Baraka Bank Egypt’s ongoing commitment to education and community empowerment, from Delta University to Elsewedy University (SUTech) – Polytechnic of Egypt, and from Sohag villages to the halls of EDUGATE.
In July 2025, the bank entered into two agreements totaling $100 million with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank (IsDB) Group.
Moreover, Al Baraka Bank Egypt recorded strong financial performance according to its standalone statements for the first quarter (Q1) of 2025.
