Karm Holding and Banque Misr announce EGP 70 million Islamic financing for Cairo 3A energy expansion
Cairo, Egypt – March 8, 2026 — Venus, a subsidiary of Karm Holding, announced EGP 70 million in Shariah-compliant financing from Banque Misr to expand the Cairo 3A project. The financing scales energy infrastructure for off-grid poultry operations, bringing total Banque Misr financing to EGP 154 million. The deal boosts sustainable power delivery amid rising agricultural energy demands.
Announcement Specifics
The EGP 70 million tranche supports a hybrid energy model combining solar photovoltaic systems, battery storage, and generator sets for energy-intensive agriculture beyond grid reach. Phase 1 of Cairo 3A launched in 2020 with 3 MVA capacity and 2.5 MWp solar installations. Phase 2 completes in 2026, delivering 5.5 MVA capacity and 4.5 MWp solar—an 83% capacity increase over the initial phase.
Stakeholder Perspective
Karm Holding stated: “The new financing marks a significant milestone in its expansion journey and reflects the strength of its partnership with Egypt’s banking sector.”
Why it matters: The statement signals robust institutional support for green infrastructure investments within Egypt’s financial ecosystem.
Karm Holding added: “The company reaffirmed its commitment to delivering projects that meet the highest standards of efficiency and sustainability, aligned with Egypt’s broader transition toward a more sustainable and resilient economy.”
Why it matters: The commitment aligns corporate strategy with national sustainability objectives, positioning the project as a model for agricultural energy transition.
Industry Context
Shariah-compliant financing continues to gain traction in Egypt, with Banque Misr pioneering Islamic financial products for renewable energy projects. Off-grid hybrid systems address critical power gaps in the poultry sector—vital for food security—while reducing fuel dependence and emissions. Previous collaborations, including the 2022 Sungrow-KarmSolar microgrid deployment, demonstrate accelerating technology adoption in Egypt’s agricultural sector.
Across MENA, such financing structures advance renewable energy integration in agribusiness, enhancing operational resilience against grid limitations and fuel price volatility. Egypt’s green economy initiatives benefit local farming operations while establishing scalable models for regional deployment.
Conclusion
Phase 2 completion in 2026 will deliver reliable power infrastructure, reducing operational costs and emissions for Cairo 3A operations. The partnership demonstrates the intersection of Islamic finance and renewable energy deployment, establishing a framework for sustainable agricultural technology adoption across Egypt.
Sources: Zawya, EQ Mag Pro
