CGC Guarantee aims to provide new guarantees to support small and medium enterprises

Yara al-Zanaini .. CGC Guaranty Company has announced its strategic plan to expand its support to small and medium enterprises by the end of this year, coinciding with the celebration of its thirty-fifth anniversary.

The company pointed out the importance of these projects in promoting economic growth and creating job opportunities in industries, agriculture, logistics and exports.

From its inception in 1989 to mid-2024, the company has issued financial guarantees with a total value of £262.53 billion, contributing to the financing of several projects of various sizes and creating around 260,000 job opportunities. By the end of the second quarter of 2024 the size of the capital base has reached around £2.5 billion.

The company’s mission is to continue providing the necessary support to small and medium enterprises with a focus on creating new job opportunities.

Khaled Jamal, Managing Director of CGC Daman Company, said that the company has played an important role in facilitating access to finance for small and medium enterprises by partnering with local banks.

He explained that the company is working to modernize its processes to keep pace with economic changes by adopting new digital technologies to enhance communication with banks.

It is worth noting that CGC Guarantee Company is the only company in Egypt that specializes in providing financial guarantees and focuses on expanding financing opportunities for small and medium enterprises and supporting entrepreneurs.

Short link

Copy the text