Misr Ins. Holding (MIH) has signed an agreement with the International Finance Corporation (IFC) that’s expected to open up more posts for women at the state-owned non-bank lender, the company said in an emailed statement. Under the agreement, an IFC advisory team will work with MIH “to identify the gaps between female and male employees in the company’s workforce,” as well as eye out challenges and prospects to boost female recruitment and retention, the statement reads. This would help introduce policies within MIH supportive of women’s career growth and a higher number of women across all company functions.

Partnering with IFC “further cements our commitment in taking this to the next level … advancing gender equality in the workforce as a whole and in the ins. and non-banking financial services sphere specifically,” MIH Chairman Basel El Hini said. “IFC is offering its global expertise to support MIH in identifying ways to improve working conditions for women and advance gender equality,” Walid Labadi, IFC’s country manager for Egypt, meanwhile said.