– In line with its ongoing commitment to corporate social responsibility (CSR), Al Baraka Bank Egypt has announced the signing of a cooperation agreement with Magdi Yacoub Heart Foundation (MYF). Under this agreement, the bank will donate EGP 30 million to sponsor the Pediatric Outpatient Department at the new Magdi Yacoub Global Heart Centre in Cairo.
The signing ceremony was attended by Mr. Hazem Hegazy, CEO and Vice Chairman of Al Baraka Bank Egypt; Dr. Hassanein Ibrahim, Head of Shariah Audit and Member of the Shari’a Supervisory Board; and Mr. Sherif Ezzat, Head of Marketing and Corporate Communications. Representing Magdi Yacoub Heart Foundation (MYF) were Ms. Dina Al-Gazzar, Chief Development and Fundraising Officer, and Mr. Amr Shahin, Development Consultant, along with several leaders from both sides.
On his part, Mr. Hazem Hegazy, CEO and Vice Chairman of Al Baraka Bank Egypt, commented: ‘We take pride in our ongoing partnership with Magdi Yacoub Heart Foundation, which represents a global model for specialized medical care in Egypt. Our EGP30 million donation to support the Pediatric Outpatient Department builds on a long-standing collaboration and reflects our bank belief that investing in children’s health is an investment in the future of society as a whole. This initiative is neither the first nor will it be the last, as social responsibility constitutes a core pillar of Al Baraka Bank – Egypt’s strategy. Through it, we strive to create a sustainable impact that goes beyond financial support to empowering institutions capable of driving real change in people’s lives—aligned with our Shariah-compliant banking values that place people at the forefront of our priorities.”
Ms. Dina Al-Gazzar, Chief Development and Fundraising Officer at Magdi Yacoub Heart Foundation (MYF), expressed her appreciation for this step, stating: “We extend our gratitude and appreciation to Al Baraka Bank Egypt for its continuous and unwavering support. We highly value this initiative, which will directly contribute to accelerating the pace of work and enhancing the capabilities of the Pediatric Outpatient Department at our new centre in Cairo. This donation will enable the Foundation to provide advanced medical services and accommodate a larger number of young patients.”
Al Baraka Bank Egypt’s support represents a qualitative leap in strengthening the healthcare system. The Pediatric Outpatient Department at the new centre will provide precise medical examinations and modern diagnostic services to thousands of children annually, contributing to elevating the quality of free-of-charge healthcare in Egypt. This aligns with the comprehensive vision of the new Magdi Yacoub Global Heart Centre in Cairo, which is designed with a capacity three times larger than that of the Aswan Heart Centre. The new facility aims to serve up to 120,000 outpatient visits per year and treat approximately 12,000 patients, a large percentage of whom are children.
Furthermore, this donation represents a new chapter in a series of joint initiatives between Al Baraka Bank Egypt and Magdi Yacoub Heart Foundation (MYF). The bank has previously contributed to supporting the Cardiac Care Unit (CCU) at the new Magdi Yacoub Global Heart Centre in Cairo, reaffirming its ongoing commitment to supporting Egypt’s healthcare system and fulfilling its steadfast vision of directing community investments toward projects with a sustainable impact, particularly within the healthcare sector.
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