Definition of SME’s

SAIB Bank Defines small and medium enterprises according to the Central Bank of Egypt,as follows : –

Companies & FacilitiesEstablished Entities Volume of BusinessEstablished Entities Volume of Labor ForceNew (newly established)
paid Capital **
New (newly established) volume of Labor Force
Micro FinanceLess than 1 million LELess than 10 EmployeesLess than 50,000 LELess than 10 Employees
Very SmallFrom 1 million to less than 10 million LELess than 200 employeesFrom 50,000 LE to 5 million LE for industrial Facilities and 3 million LE of non-industrialLess than 200 employees
SmallFrom 10 million to less than 20 million LELess than 200 employeesFrom 50,000 LE to 5 million LE for industrial Facilities and 3 million LE of non-industrialLess than 200 employees
MediumFrom 20 million to less than 100 million LELess than 200 employeesFrom 5 million LE to 10 million LE for industrial Facilities and 3 million pounds to 5 million pounds of non-industrialLess than 200 employees

*The size of labor force is virtual and unspecific definition for the entity or facility.

*In case of new established entities Paid-up Capital is used instead of volume of business for a period of one year from the start of the activity, hence this categorization shall be temporarily till volume of business data is available then definition will be based on volume of business.