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Alexandria Business Association Denies Closure Rumors, Confirms Continued Microfinance Support Across 145 Branches

The Alexandria Business Association (ABA) has confirmed that its project supporting small and artisanal enterprises is operating smoothly across 145 branches in 21 governorates. The association firmly denied recent rumors of its closure, assuring everyone that services are continuing without interruption.

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Alexandria Business Association Denies Closure Rumors, Confirms Continued Microfinance Support Across 145 Branches

The Alexandria Business Association (ABA) has confirmed that its project for developing small and artisanal enterprises is running smoothly and regularly. They want everyone to know that all services provided to beneficiaries are continuing without any changes, operating through a network of 145 branches spread across 21 governorates. This is all part of their ongoing development role, which they've been committed to since 1990. In a statement released today, the association explained that the project continues to offer funding and support services to micro-enterprise owners. This is all done according to the rules set by the Financial Regulatory Authority and aligns with the standard regulations and procedures in the microfinance sector. The association strongly denied the rumors circulating on some social media pages about its cancellation or closure, emphasizing that this information is completely false and has no basis in truth. They added that the Financial Regulatory Authority (FRA) also issued an official clarification, denying the accuracy of these rumors. This further confirms that the association and its project are continuing their activities as usual. The association urged its clients and the public to be careful about verifying information and not to follow unverified news. They advised everyone to rely on official channels to get accurate information about the association's activities and the services it provides.

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