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Telecom Egypt’s net income rose by 25% y-o-y in 2023. PLUS: Bolt, Danieli, Majid Al Futtaim, Fawry + PayMe, FABMisr, Al Baraka Bank
The company’s revenues were up 28% y-o-y to reach EGP 56.7 bn, which it attributed to higher data services and…
Redcon Properties inks EGP 925 mn syndicated factoring agreement
The agreement marks Egypt’s first joint factoring transaction
Aman Holding and Contact Financial plan GCC expansions in 2024. PLUS: GB Capital + Golden Coast sukuk news, new gold fund, Banknbox + SWFT, PayTabs
Aman Holding will start providing installment services in Saudi Arabia in the second half of the year
Local leasing firms ink sale and leaseback agreement with EHCS for CapitalMed project
The funds will help EHCS fund its CapitalMed medical complex in Badr City
Fintech startups can now apply for temporary licenses
Fintech startups will need to meet a minimum capital requirement of EGP 15 mn to be eligible for the temporary…
Securitization market grew 2x in 2023 amid financial services boom
The total value of securitized bonds issued in Egypt in 2023 is around EGP 96.1 bn
Kandil Glass, Beltone sign EGP 250-mn sale-leaseback agreement
Kandil Glass will sell real estate assets and production lines to Beltone Leasing and Factoring
How did non-banking financial services perform during 3Q 2023?
Mortgage financing fell almost 42% y-o-y during 3Q 2023
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