In a landmark move to strengthen Egypt’s public healthcare system, Banque Misr and Cairo University have signed a strategic cooperation protocol, valued at EGP 124 million, to fund the upgrade of the first unit of the Critical Care Center at El Qasr El Ainy University Hospital.
The agreement was formalized at a ceremony attended by Prof. Dr. Mohamed Sami Abdel Sadek, President of Cairo University; Hisham Okasha, CEO of Banque Misr; Prof/ Dr. Hossam Salah, Dean of the Faculty of Medicine and Chairman of Cairo University Hospitals; and Dr. Fatma El Goully, Chief Corporate Communication Officer at Banque Misr, along with senior leadership from both institutions.
In his remarks, Dr. Abdel Sadek emphasized the national importance of the partnership, describing it as a model for socially responsible collaboration between Egypt’s academic and financial institutions.
“This collaboration empowers El Qasr El Ainy to continue its mission of medical excellence, innovation, and inclusive patient care,” said Dr. Abdel Sadek.
On the other hand, Hisham Okasha, CEO of Banque Misr, affirmed the bank’s dedication to supporting Egypt’s healthcare system as part of its broader corporate social responsibility strategy. He noted that El Qasr El Ainy Hospital is a historic medical institution serving millions of Egyptians—especially those in need—with free, non-discriminatory access to care.
“We believe every citizen deserves quality healthcare, and we are proud to contribute to a facility that delivers lifesaving services with professionalism and compassion,” said Okasha. “This initiative aligns directly with Banque Misr’s vision of sustainable, high-impact national development.”
Dr. Fatma El Goully, Chief Corporate Communication Officer at Banque Misr, echoed these sentiments, emphasizing the bank’s long-standing commitment to advancing vital sectors such as health and education. She highlighted the strategic nature of the partnership, positioning it as part of a long-term framework for social impact and national progress.
This agreement follows a series of substantial contributions by Banque Misr to Cairo University Hospitals. Previous support has included EGP 12 million for the modernization of the Cardiothoracic Surgery Department, EGP 160 million for the renovation of outpatient clinics, and EGP 100 million to support the newly established El Qasr El Ainy French Educational Hospital. These investments reflect a consistent approach to institutional support, focused on improving infrastructure, expanding access, and elevating standards of care.
“Banque Misr’s continued support reaffirms its role as a national development partner,” concluded Dr. Abdel Sadek. “It also reaffirms our shared responsibility in ensuring that quality healthcare is not a privilege, but a right accessible to all.”
The agreement, built on a public-private model, illustrates how strategic partnerships between universities and financial institutions can drive systemic improvements in public service delivery. It also highlights how targeted investment in healthcare infrastructure can produce sustainable, high-impact outcomes for communities in need.
