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Contact, Aman awarded Egypt’s first consumer financing licenses
Contact, Aman awarded Egypt’s first consumer financing licenses: Contact, a subsidiary of consumer- and structured-finance player Sarwa Capital, has been…
Egypt’s AIH plans IPO of its non-bank financial services arms in 2021
IPO WATCH- AIH plans IPO of its NBFS arms in 2021: Arabia Investments Holding is planning to list its non-banking…
Consumer finance companies are looking FRA licensing
valU, Premium Card, Souhoola and Aman are looking for consumer finance licensing: Consumer finance outfits valU (an arm of EFG…
FRA orders mortgage lenders, factoring and leasing companies to give clients six-month grace period
Mortgage lenders, factoring and leasing companies to give clients six-month grace period: The Financial Regulatory Authority has ordered mortgage lenders,…
State-owned Kenyan reinsurer eyeing Egypt
INVESTMENT WATCH- State-owned Kenyan reinsurer eyeing Egypt: Kenya Reinsurance Corporation (Kenya Re) is planning to establish a subsidiary in Egypt…
Egypt’s House approves data protection, consumer credit acts + amendments to anti-terrorism act
LEGISLATION WATCH- Lawmakers had a busy day yesterday, giving final votes of approval to several key pieces of legislation. Among…
Raya receives a bid for 31% stake in its transport arm
M&A WATCH- Raya receives a bid for 31% stake in its transport arm: Raya Holding has received a EGP 133…
EBRD, NBE want a piece of Raya’s Aman Holding
M&A WATCH- EBRD, NBE want a piece of Raya’s Aman Holding: The European Bank of Reconstruction and Development and the…
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