Cairo, March 13, 2024

The EFG Foundation for Social Development (EFG Foundation), a non-profit, non-governmental organization that supports sustainable, high-impact development initiatives to assist local underprivileged communities, announced today the signing of a tripartite agreement with Luxor Governorate and University's Faculty of Fine Arts. This collaborative effort aims to spearhead development projects in Al-Deir village, a community affiliated with the Esna Center in Luxor Governorate.

Under the auspices of His Excellency Counselor Mustafa Elham, Luxor Governor, in the presence of Mohamed Abdel Fattah Adam, Secretary General of the Governorate, and Hanaa Helmy, Group Chief Sustainability Officer of EFG Holding and CEO of the EFG Foundation, this agreement, which was signed on March 5, 2024, underscores a shared commitment to bolstering governmental initiatives in underprivileged areas.

Central to this partnership is a comprehensive project focused on enhancing the entrance to Al-Deir village in the city of Esna. This initiative will encompass the design and execution of murals adorning the facades of 19 residential buildings, harmonizing with the area's cultural essence, guided by Luxor branding manual, while uplifting its aesthetic appeal and fostering community development.

In addition to the mural project, the protocol includes a collaboration with Luxor University's Faculty of Fine Arts. Dr. Hamdy Mohamed Hussein, President of Luxor University, and Professor Dr. Ahmed Mohy, Dean of the Faculty of Fine Arts, joined the EFG Foundation team to launch an art competition aimed at harnessing local artistic talent. The winning proposal will be implemented to further enhance Luxor Governorate's visual identity, with participants receiving financial incentives to support budding artists and foster environmental development.

Hanaa Helmy, Group Chief Sustainability Officer of EFG Holding and CEO of the EFG Foundation, said, “The signing of this protocol is a vital step in our ongoing strategy to foster holistic development in the villages and cities of Upper Egypt utilizing the trusted integrated methodology that we have adopted in the region for the past several years. This agreement also serves as a testament to our commitment to youth empowerment and environmental consciousness. By emphasizing natural elements and leveraging the visual identity of the Luxor Governorate, we aim to catalyze sustainable growth through collaborative efforts between governmental bodies and civil society.”  

His Excellency Counsellor Mustafa Elham, Governor of Luxor, commented, “The synergy between civil society and government is indispensable for driving sustainable progress. It is through these cohesive alliances that we can effectively address the multifaceted challenges facing our communities. We extend our heartfelt appreciation to the EFG Foundation for Social Development for their unwavering commitment and relentless efforts in driving positive change. We eagerly anticipate further joint endeavors to continue our partnership on future projects within the governorate, ensuring that our collective efforts yield lasting benefits for all residents.”   

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About the EFG Foundation 

As part of its social responsibility towards the communities in which it operates, EFG Holding established the EFG Foundation in 2006, a non-profit, non-governmental organization. 

The Foundation aims to help people and institutions overcome our society's financial, educational, and health-related challenges by supporting innovative and sustainable programs that increase opportunities for those most in need to make a positive change in our local communities. The EFG Foundation mainly focuses on integrated development programs in Egypt by helping combat widespread diseases and supporting holistic development initiatives in the housing, water, sanitation, and income generation areas. 

Since its launch, the Foundation has played a significant role in the development of society by working with reputable institutions and NGOs on several projects, including but not limited to Hepatitis C Awareness and Combat, Hepatitis B Vaccination campaign for college students, Microfinance, Poverty Alleviation of Ezbet Yacoub in Beni Sweif and recently in collaboration with the Kuwaiti Initiative for the Support of the Egyptian People in Al Makhzan Village in Qena; Support Health Education programs in Assiut University; Support Children with Cerebral Palsy; and Support Education initiatives in collaboration with KidZania. 

The EFG Foundation is also committed to youth empowerment through sustainability programs that leverage our financial expertise and capitalize on our human talent to create sustainable value for our stakeholders and communities. Contributions include programs in education, the environment, youth mentorship, and employment. 

Learn more about us at  www.efgfoundation.org.eg   

For further information, please contact:  

May El Gammal 

Group Chief Marketing & Communications Officer of EFG Holding

melgammal@efghldg.com 

Omar Salama

Communications Manager of EFG Holding

osalama@efghldg.com    

The EFG Holding Public Relations Team

publicrelations@efghldg.com  

Note on Forward-Looking Statements 

In this press release, EFG Holding may make forward-looking statements, including, for example, information about management’s expectations, strategic objectives, growth opportunities, and business prospects. These forward-looking statements are not historical facts but instead represent only EFG Holding’s belief regarding future events, many of which, by their nature, are inherently uncertain and are beyond management’s control and include, among others, financial market volatility; actions and initiatives taken by current and potential competitors; general economic conditions and the effect of current, pending, and future legislation, regulations, and regulatory actions. Accordingly, the readers are cautioned not to rely on forward-looking statements, which speak only as of the date on which they are made.