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Fresh capital requirements for mortgage finance firms + more approved by the cabinet
The cabinet approved amendments hiking the capital requirements for mortgage finance firms to EGP 100 mn
Egyptian startups aplenty on Forbes Middle East fintech list
More Egyptian companies made the cut than firms from any other single country
How did non-banking financial services perform during 4Q 2023?
The value of leasing contracts jumped about 68% y-o-y to almost EGP 39 bn in 4Q
EFG Holding posts a record EGP 14.7 bn revenues in 2023
Growth was underpinned by robust growth across EFG Hermes, aiBank, and Valu
Valu plans to IPO within a year + Jordan expansion pushed back
EFG Hermes will act as the financial advisor for the transaction
Five companies are mulling sukuk issuances this year. PLUS: News from Contact, Hassan Allam Properties
Among the interested companies are Contact Financial Holding and MNT-Halan’s Tasaheel
Beltone turns profitable in 2023
Beltone’s net income and revenues soared in 2023 after years of losses
Contact Financial’s net income rose 14% y-o-y in 2023
EARNINGS- Contact Financial reports “impressive” results for 2023: Non-banking financial services firm Contact Financial saw its normalized net income rise…
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