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Contact Financial’s net income up 3% in 1Q 2023
Growth in ins. net income offset a drop in net financing earnings
TE wraps up 10% divestment with share sale to employees. PLUS: EFG to launch new SME lender
The company raised almost EGP 200 mn selling a 0.5% stake to employees
GB Corp profit, revenues hit amid auto slowdown
GB Auto posted a net loss but NBFS arm GB Capital saw strong growth
EFG Hermes Holding is now EFG Holding
EFG Hermes Holding has officially rebranded to EFG Holding after the company’s shareholders signed off on the change during last…
Partment users can now access payment plans via valU
Partment is an online platform that allows people to purchase shares in a second home
Egypt Education Platform + Modon to launch new school in Alex in 2025. PLUS: News from Banque Misr, MaxAB, Kandil Steel, Qardy, NOSCO, Mastercard and Skoda
Construction on the school will start next year.
valU issues EGP 856.5 mn in securitized bonds
Total value of securitized debt taken to market is up 5% y-o-y so far this year
Aman wants to launch in Saudi Arabia within 3 months. PLUS: Money GB Auto + Dara’s Ice Cream, FinMin appoints sukuk company board
Aman is working with a mystery Saudi partner to launch in the kingdom
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