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Technolease acquires 10% of Mohandes Insurance for EGP 104.5 mn
M&A WATCH- Technolease acquires 10% of Mohandes Insurance for EGP 104.5 mn: Bayt El Khebra for Leasing (Technolease) has acquired…
FRA asks securitized bondholders to extend maturities
DEBT WATCH- FRA asks securitized bond holders to extend maturities: The Financial Regulatory Authority approved a request from corporate bond…
ADIB Egypt to exit from 34 NBFS subsidiaries
ADIB Egypt to exit 34 legacy NBFS subsidiaries: Abu Dhabi Islamic Bank (ADIB) Egypt is liquidating 28 of its subsidiaries’…
EFG is looking to consolidate its leasing and factoring arms
EFG Hermes is looking to consolidate its leasing and factoring arms into one entity, EFG Hermes Leasing CEO Ahmed El…
Raya Holding to establish three subsidiaries in 1H2020
Raya Holding is joining the rush into non-bank financial services and aims to set up three subsidiaries in 1H2020, including…
AT Lease obtains factoring license
AT Lease has received a final license to provide factoring services for SMEs, according to abourse disclosure (pdf). Tarek Fahmy…
FRA sets up committee of NBFs to participate in CBE’s initiative to rehabilitate financially troubled clients
FRA to bring NBFS firms on board with CBE corporate debt forgiveness initiative: The Financial Regulatory Authority (FRA) is forming…
FRA approves Beltone’s new financial leasing, mortgage finance arms
The Financial Regulatory Authority has approved Beltone Financial’s plans to establish financial leasing and mortgage finance subsidiaries, Beltone’s Director of…
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