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GB Auto agrees to sell 45% of its leasing business to Chimera Investments
GB Auto approves GB Lease stake sale: GB Auto’s board has approved plans to sell a 45% stake in GB…
FRA tightens controls on follow-on lending to SMEs
DEBT- State-owned Assiut National Oil Processing Company (ANOPC) secured a USD 2.9 bn loan to finance its new hydrocracking complex,…
Classera plans Egypt expansion
COMMODITIES- State grain buyer GASC reportedly purchased 80k tons of Russian wheat at USD 339 per ton for shipment in…
FRA eases borrowing limits on home loans
The FRA is easing credit limits for homebuyers: The Financial Regulatory Authority has loosened income requirements for mortgage lenders in…
Abu Dhabi’s Chimera Investments to acquire 45% of GB Lease
Chimera to acquire 45% of GB Lease: GB Capital has agreed to sell a 45% stake in GB Lease to…
EFG Hermes’ valU sets aside USD 25 mn to expand through M&A + new products
valU to spend USD 25 mn on regional + product expansion: EFG Hermes’ buy-now-pay-later platform valU expects to invest some…
Premium Card issues EGP 201 mn in securitized bonds
Premium Card closes seventh securitized bond issuance: Consumer finance firm Premium International for Credit Services (Premium Card) has issued EGP…
valU issues EGP 854.5 mn in securitized bonds
valU closes third securitized bond issuance: EFG Hermes’ consumer finance arm valU has issued EGP 854.5 mn worth of securitized…
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