Al Mansour Holding Company for Financial Investments donates over 50 million EGP to fight Covid-19
May 10, 2020
Eng. Yousef Mansour and Al Mansour Holding Company for Financial Investments (“MHCFI”) have donated 51.5 million EGP to help the Egyptian government fight the novel coronavirus. The contribution further demonstrates the Mansour Group’s focus on corporate social responsibility as it continues to participate in the fight against the impact of Covid-19.
In a letter addressed to the Egyptian Prime Minister, Eng. Yousef Mansour, Co-Chairman of the Mansour Group, reiterated his commitment to the welfare of Egypt and the Egyptian people. Of the total donated, 35 million EGP was contributed by Eng. Yousef Mansour personally.
The donation consists of:
- 25 million EGP in cash will be provided to the Ministry of Health and Population to help finance upgrades to hospitals treating fever and chest patients.
- 10 million EGP in cash will be provided to the Tahya Misr Fund, which is earmarked for further support to the Ministry of Health and Population.
- 200,000 cartons of food will be supplied by MHCFI-owned retail chains Metro & Kheir Zaman. Of those, 100,000 will go to Egyptian health workers while the other 100,000 will be distributed, through the Tahya Misr Fund, to families financially impacted by the measures taken to fight the disease. This contribution is valued at over 15 million EGP.
As always, the Mansour family, represented by the Mansour Group, will continue to do the best it can to help Egypt cope with the challenges it faces. In total, the Mansour Group has contributed over 200 million EGP to the fight against Covid-19 in Egypt.