{"id":570948,"date":"2020-04-23T04:30:55","date_gmt":"2020-04-23T04:30:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/23\/contact-aman-awarded-egypts-first-consumer-financing-licenses\/"},"modified":"2020-04-23T04:30:55","modified_gmt":"2020-04-23T04:30:55","slug":"contact-aman-awarded-egypts-first-consumer-financing-licenses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/23\/contact-aman-awarded-egypts-first-consumer-financing-licenses\/","title":{"rendered":"Contact, Aman awarded Egypt\u2019s first consumer financing licenses"},"content":{"rendered":"

<\/a> Contact, Aman awarded Egypt\u2019s first consumer financing licenses:<\/strong> Contact<\/a>, a subsidiary of consumer- and structured-finance player Sarwa Capital, has been awarded Egypt\u2019s first consumer finance license, the Financial Regulatory Authority (FRA) said yesterday<\/a>. The FRA also granted Raya Holding subsidiary Aman<\/a> the second license.<\/p>\n

Other consumer finance outfits <\/strong>applying<\/a><\/strong>to receive licenses <\/strong>include EFG Hermes\u2019 valU, Premium Card, and CI Capital\u2019s Souhoola. The licenses will be awarded under the Consumer Credit Act, which President Abdel Fattah El Sisi ratified<\/a> last month.<\/p>\n","protected":false},"excerpt":{"rendered":"

Contact, Aman awarded Egypt\u2019s first consumer financing licenses: Contact, a subsidiary of consumer- and structured-finance player Sarwa Capital, has been awarded Egypt\u2019s first consumer finance license, the Financial Regulatory Authority (FRA) said yesterday. The FRA also granted Raya Holding subsidiary Aman the second license. Other consumer finance outfits applyingto receive licenses include EFG Hermes\u2019 valU, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[616,514,933,72,76,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-570948","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-aman-financial-services","tag-consumer-finance","tag-contact-financial","tag-enterpriseam","tag-financial-regulatory-authority","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dda7d640-0590-4109-a31c-ebe7ef08e7a5","is_powered_by":true,"section_story_id":"23435a10-ae6a-4ab7-b516-c14fcc2dfe59","story_type":"1","photo_url":"","photo_position":"above","related_issue":[570938],"teaser":"","voice_url":""},"yoast_head":"\nContact, Aman awarded Egypt\u2019s first consumer financing licenses - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/04\/23\/contact-aman-awarded-egypts-first-consumer-financing-licenses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Contact, Aman awarded Egypt\u2019s first consumer financing licenses\" \/>\n<meta property=\"og:description\" content=\"Contact, Aman awarded Egypt\u2019s first consumer financing licenses: Contact, a subsidiary of consumer- and structured-finance player Sarwa Capital, has been awarded Egypt\u2019s first consumer finance license, the Financial Regulatory Authority (FRA) said yesterday. The FRA also granted Raya Holding subsidiary Aman the second license. 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The nod from the Financial Regulatory Authority (FRA) will allow Drive to widen its activities beyond car finance into other market segments. Drive had received an initial\u2026","rel":"","context":"In "SPEED ROUND: CONSUMER FINANCE"","block_context":{"text":"SPEED ROUND: CONSUMER FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-consumer-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572620,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/01\/seven-would-be-consumer-finance-companies-want-to-enter-the-increasingly-crowded-industry\/","url_meta":{"origin":570948,"position":2},"title":"Seven would-be consumer finance companies want to enter the increasingly crowded industry","author":"enterpriseam admin","date":"1 July 2020","format":false,"excerpt":"Seven consumer finance companies have license applications in with the FRA to formally join an increasingly crowded industry, Al Mal reports, citing unnamed sources with knowledge of the matter. The newspaper suggests there are as many as 25 consumer finance companies that need to finish their license applications, with the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573489,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/tasaheel-and-aman-have-requested-nano-financing-licenses-from-the-fra\/","url_meta":{"origin":570948,"position":3},"title":"Tasaheel and Aman have requested nano financing licenses from the FRA","author":"enterpriseam admin","date":"6 August 2020","format":false,"excerpt":"GB Capital subsidiary Tasaheel, Raya Holding subsidiary Aman, and five other unnamed companies filed for nano-finance licenses from the Financial Regulatory Authority, Al Mal reports. 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