Raya Holding subsidiary Aman is planning to issue EGP 250-300 mn-worth of asset-backed securities, pending Financial Regulatory Authority (FRA) approval of the company’s bid to establish a securitization arm, Raya CEO and founder Medhat Khalil tells Al Mal. CIB will run the bookbuilding process for the issuance and El Derini and Partners will act as legal advisors. Aman is also considering offering financial leasing services, for which it has a license, Raya CFO Hossam Hussein announced.

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