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GB Auto net income doubles in 1Q amid higher demand
GB Auto’s net income more than doubled to EGP 299 mn in 1Q2021 compared to EGP 138 mn in the…
EFG’s leasing and factoring ambitions
EFG Hermes Corp-Solutions plans to grow its leasing and factoring portfolio by EGP 3 bn in 2021, CEO Talal Elayat…
Palm Hills taps market for second securitized offering in less than six months
Palm Hills Developments has approved a EGP 800 mn securitized bond issuance backed by its receivables, the company said in…
Also on our Radar on 25 April 2021
EFG Hermes Corp Solutions has received some EGP 500 mn-worth of loan requests from brokerages looking to finance margin trades…
Also on our Radar on 21 April 2021
Egypt and Sudan are setting up an investment JV that will aptly be called the Egyptian-Sudanese Company, Amwal Al Ghad…
Aldar to begin DD on Sodic “within days” -Magued Sherif
The UAE’s Aldar Properties is expected to begin due diligence on EGX-listed Sodic “within days” as it seeks a majority…
Al Ahly takes lion’s share of Egypt’s mortgage finance market
Al Ahly Mortgage Finance accounted for 34.4% of the country’s mortgage finance market in January and February 2021, with EGP…
Torrid growth continues in factoring, microfinance
GB Auto’s NBFS arm Drive had the largest share of Egypt’s factoring market in February after more than doubling lending…
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