Raya Holding for Financial Investments subsidiaries Raya Electronics, Aman Financial Services, and Aman Microfinance are planning to issue EGP 500 mn of asset-backed securities, according to the local press. CIB and the National Bank of Egypt will manage the securitization process and Dreny & Partners Law Firm will act as legal counsel. The issuance is pending review and approval from the Financial Regulatory Authority.

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