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CI Capital’s BoD approves launching consumer finance arm
CI Capital’s board of directors have approved setting up a consumer finance company offering installment plans for durable goods, according…
BANKING + FINANCE
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BANKING + FINANCE
Paynas, five lenders enter final stage talks for loans
Egyptian fintech startup Paynas is in final talks with five venture capital funds over financing agreements it expects to secure…
Ostoul obtains primary dealer license from FRA for EGP-denominated securities
Ostoul Securities Brokerage has obtained a license from the Financial Regulatory Authority to begin in August operating as a primary…
Raya’s microfinance arm Aman in negotiations eyes EGP 500 mn in loans from five banks
Raya Holding’s microfinance subsidiary Aman is seeking to borrow EGP 500 mn from CIB, Suez Canal Bank, Attijariwafa Bank, Blom…
HC Securities’ brokerage arm receives short-seller license
HC Securities’ brokerage arm became the latest investment bank to receive a license approval from the Financial Regulatory Authority to…
Egypt’s Baraka Bank to launch sharia-compliant daily return mutual fund
Al Baraka Bank is planning to launch a sharia-compliant investment fund that pays out dividends on a daily basis, Al…
Egypt’s market regulator grants UE Lease approval to offer factoring services
Arabia Investments Holding’s UE Lease has received preliminary approval from the Financial Regulatory Authority (FRA) to begin offering factoring services,…
FRA grants Prime Holdings brokerage arm short-selling license
The Financial Regulatory Authority (FRA) approved granting Prime Holdings a short-seller’s license, local press reported on Thursday. Prime’s brokerage arm…
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