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Ahly Capital taps former Amwal AlKhaleej top Egypt exec as its new CEO
MOVES- Karim Saada, former Amwal AlKhaleej executive vice president and Egypt country head, has joined Ahly Capital as CEO, sources…
FINANCIAL SERVICES
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Egypt’s new Consumer Credit Act with House “in days”
LEGISLATION WATCH- Consumer Credit Act heading to House “in days”: The proposed Consumer Credit Act, which will govern retail financing…
FRA publishes consumer protection guidebook for its industries
The Financial Regulatory Authority (FRA) has put out a consumer protection guidebook (pdf) for capital markets, insurance and other non-banking…
Kenya-based ZEP-RE to set up shop in Egypt within one year
Kenya-based ZEP-RE (PTA Reinsurance Company) is looking to set up a regional office in Egypt within one year, a source…
Global Lease to borrow USD 10 mn from EU-based funds to diversify sources
Global Lease is planning to borrow USD 10 mn from two unnamed European lenders this year to diversify its financing…
Earnings watch: EFG-Hermes and Al Ezz Dekheila Steel report 2018 results
EARNINGS WATCH- EFG Hermes is proposing an EGP 0.65 / share dividend for FY2018 pending approval of the financial service…
What we’re tracking on 19 March 2019
We are, to quote corporate Egypt, “cautiously optimistic” that the weeklong news drought is slowly coming to an end. Top…
AT Lease to launch new factoring and SMEs leasing operations before year-end
Al Tawfeek Leasing (AT Lease) will launch before year-end factoring and SME-targeted leasing operations, according to a press release (pdf).…
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