Aman for Microfinance plans to double capital to EGP 100 mn by year-end

Raya Holding’s Aman for Microfinance is planning to double its capital by year-end to EGP 100 mn, Aman’s CEO Ahmed El Khatib said, according to Al Mal. The increase is part of its expansion strategy, as the company is planning to raise its loans portfolio to EGP 500 mn and set up 30 new branches.