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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
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…
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…
Contact to expand in Saudi in 2025. PLUS: News from B Investments, Talaat Moustafa Group, ADIB, Mashreq, Madinet Masr, Idea Verde, Azimut
The investment will fund Basata’s regional expansion plans
CBE issues tighter regulations for financial leasing firms. PLUS: Hassan Allam + Sumou Holding JV, Magic Land Al Hokair, EGP 1.1 bn entertainment project, China hands over satellite center, EGP 1 bn auto assembly plant
The total credit facilities and investments made in the securitization portfolios of leasing companies should not exceed 5% of the…
E-Finance, GB Corp report 2023 results
Subsidiary e-Finance Digital Operations contributed the lion’s share of the group’s revenues for the year, making up 90% of the…
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
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