Suez Canal Bank Participates in “Iftar for Fasting at Al-Bayt Tekeya” Campaign in Collaboration with Masajid Foundation, Providing Over 11,700 Iftar Meals as Part of Ramadan CSR Initiatives
As part of its corporate social responsibility, Suez Canal Bank participated in the “Iftar for Fasting at Al-Bayt Tekeya” campaign in collaboration with the Masajid Foundation, which aims to prepare and distribute daily Iftar meals to visitors of several major mosques in Cairo. The bank’s participation comes within a series of CSR initiatives it carries out during Ramadan, aiming to support underprivileged groups and promote values of solidarity within the community.
The bank contributed approximately 11,765 Iftar meals for fasting visitors of Al-Bayt mosques, including (Sayeda Nafisa Mosque – Sayeda Zeinab Mosque – Sayeda Fatima Al-Nabawiya Mosque – Sayeda Sakinah Mosque – Al-Imam Hussein Mosque).
The campaign continued throughout Ramadan and aimed to prepare and provide about 100,000 Iftar meals for fasting visitors of these mosques, with the Masajid Foundation responsible for preparing, organizing, and distributing the meals to ensure they reach beneficiaries in an organized and proper way.
As part of the bank’s keenness to promoting community participation and volunteer work among its employees, a volunteer day was organized for Suez Canal Bank staff to participate in distributing some of the Iftar meals at Al-Imam Hussein Mosque, reflecting the bank’s keenness to involve its employees in CSR initiatives and promote a spirit of cooperation and solidarity during the holy month.
In this context, Mr. Akef El-Maghraby, CEO and Managing Director of Suez Canal Bank, stated that the role of financial institutions extends to supporting CSR and development initiatives. Suez Canal Bank’s participation in the “Iftar for Fasting at Al-Bayt Tekeya” campaign reflects its keenness to supporting efforts that enhance community solidarity, as well as promoting a culture of volunteer work and community participation among its employees, in line with the Central Bank of Egypt’s directions and Egypt Vision 2030.
On his part, Mr. Mohamed El-Shahawy, CEO of the Masajid Development Foundation, said that Suez Canal Bank’s support for this campaign represents a model for the role of financial institutions in supporting CSR initiatives. It helps expand the initiative’s reach and allows it to serve a larger number of visitors of Al-Bayt mosques, reflecting the importance of integrating efforts between different institutions to support community work.
About Suez Canal Bank:
Suez Canal Bank is an Egyptian joint-stock company established as a commercial bank in 1978. Its paid and issued capital is EGP 6.5 billion, with 650 million shares, while its licensed capital is EGP 10 billion. The bank offers a wide range of banking solutions, products, and financial services to corporate and individual clients through 56 branches in Egypt and a representative office in Libya, including a branch dedicated to Islamic banking transactions. It also operates a network of ATMs across Egypt, as well as a network of correspondents worldwide.
About Masajid Development Foundation:
The Masajid Development Foundation (a non-profit organization) is registered under No. 879 for 2019 and is the first foundation in Egypt to focus its efforts on the development, renovation, and operation of mosques under the supervision of the Ministry of Social Solidarity (Central Administration of Institutions and Federations) since 2019. The foundation works to create a comprehensive system to manage Al-Bayt mosques in Egypt and improve the services provided in these mosques.