Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a subsidiary of the UAE listed FAB, has announced the launch of the ‘Green Schools for a Sustainable Future’ initiative to promote the transition to a green economy in Egypt, according to a press release.
The initiative is launched in collaboration with the Egyptian Ministry of Education and Technical Education and Ain El Bee'ah Association for Environmental, Agricultural Services and Sustainable Development, marking a pioneering model for integrating sustainability, education, and environmental responsibility within public schools in the Arab Republic.
It further supports national objectives related to inclusive economic growth and environmental sustainability while positioning civil society organizations as key partners in executing development initiatives.
The initiative will be implemented at Asmaa Secondary School for Girls under the Maadi Educational Administration in Cairo, representing a comprehensive approach that combines environmental infrastructure, education, and community engagement.
FABMISR Chief Corporate Governance Officer, Board Secretary, and Head of Sustainability, Ahmed Mamdouh Hassan, said: “At FABMISR, sustainability is not a concept—it is a responsibility. Through the ‘ Green Schools for a Sustainable Future’ Initiative, we are supporting national priorities under Egypt’s Vision 2030,sustainable developments goals and the Go Green Initiative and investing in education as a driver of long-term environmental and social impact.”
Hassan noted: “This project reflects our commitment to developing scalable, measurable models that create real value for communities and future generations.”
The project includes a greywater treatment unit for irrigation powered by solar energy system, and a green area featuring tree planting with an integrated irrigation network.
Waste segregation units for organic and solid waste will also be distributed throughout the school, improving resource management and contributing to a reduction in carbon emissions.
The initiative targets environmental awareness for approximately 3,500 students and 150 teachers through awareness programs while helping lower the site temperature by nearly four to five degrees Celsius, supporting efforts to mitigate the effects of climate change while creating a healthier learning environment.
From his part, Ahmed Moawad, Chairman of Ain El Bee'ah Association, added: “Ain El Bee'ah Association is a proactive partner in implementing this initiative, drawing on its expertise in environmental education and sustainable development.”
Moawad noted: “Through awareness programs and practical applications, we aim to achieve measurable and tangible impact.”
The Chairman concluded: “Transforming schools into green models is not merely an environmental project—it is an investment in a generation capable of leading the transition to a more sustainable society.”
Through this initiative, FABMISR continues to reinforce its position as a responsible financial institution, committed to supporting national development priorities and driving meaningful, long-term impact through sustainability-led partnerships.
It is worth noting that in the first nine months (9M) of 2025, FABMISR posted annual growth in net profit to EGP 13.20 billion, after neutralizing the FX impact, while the total assets soared by 14% to EGP 472.40 billion.
