Al Ahly Capital to set up new financial services arm Tamkeen

National Bank of Egypt (NBE) investment arm Al Ahly Capital is looking to set up a new financial services holding company, Tamkeen, to house its micro-lending and e-payments operations, Al Mal reports, citing unnamed sources familiar with the matter. Al Ahly is reportedly seeking approval from the Financial Regulatory Authority (FRA) to establish Tamkeen while it positions itself for a potential acquisition of e-payment platforms Sadad and Momken.