{"id":574604,"date":"2020-09-15T04:27:42","date_gmt":"2020-09-15T04:27:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/15\/ci-capitals-souhoula-provides-installment-payment-option-through-retailers\/"},"modified":"2020-09-15T04:27:42","modified_gmt":"2020-09-15T04:27:42","slug":"ci-capitals-souhoula-provides-installment-payment-option-through-retailers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/15\/ci-capitals-souhoula-provides-installment-payment-option-through-retailers\/","title":{"rendered":"CI Capital\u2019s Souhoula provides installment payment option through retailers"},"content":{"rendered":"

CI Capital\u2019s consumer finance arm Souhoola<\/a> has signed contracts with six brick and mortar and online retailers to allow customers to pay for their purchases in installments, Souhoola CEO Hazem Madani said, according to Al Mal<\/a>. The retailers include Jumia, Apple reseller Tradeline, and Saudi appliance store Raneen. Souhoola is also in talks with six unnamed universities and \u201cadvanced negotiations\u201d with 15 health centers to offer installment plans for tuition fees and healthcare services, Madani added.<\/p>\n","protected":false},"excerpt":{"rendered":"

CI Capital\u2019s consumer finance arm Souhoola has signed contracts with six brick and mortar and online retailers to allow customers to pay for their purchases in installments, Souhoola CEO Hazem Madani said, according to Al Mal. The retailers include Jumia, Apple reseller Tradeline, and Saudi appliance store Raneen. Souhoola is also in talks with six […]<\/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":[9298],"tags":[2372,136,514,199,72,592,338,4259],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574604","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-ci-capital","tag-consumer-finance","tag-e-commerce","tag-enterpriseam","tag-jumia","tag-retail","tag-souhoola","wpautop","entry"],"acf":{"mongo_id":"90696a61-9a16-4b05-9879-65d6e2667056","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[574579],"teaser":"","voice_url":""},"yoast_head":"\nCI Capital\u2019s Souhoula provides installment payment option through retailers - 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\/09\/15\/ci-capitals-souhoula-provides-installment-payment-option-through-retailers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CI Capital\u2019s Souhoula provides installment payment option through retailers\" \/>\n<meta property=\"og:description\" content=\"CI Capital\u2019s consumer finance arm Souhoola has signed contracts with six brick and mortar and online retailers to allow customers to pay for their purchases in installments, Souhoola CEO Hazem Madani said, according to Al Mal. The retailers include Jumia, Apple reseller Tradeline, and Saudi appliance store Raneen. 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The bonds were backed by accounts and notes receivables. The issuance was segmented into three tranches, which were rated AA+, AA, and A by Meris.\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575097,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/01\/whos-got-licenses-for-what\/","url_meta":{"origin":574604,"position":1},"title":"Who\u2019s got licenses for what?","author":"enterpriseam admin","date":"1 October 2020","format":false,"excerpt":"CI Capital\u2019s consumer finance arm Souhoola has been awarded a consumer finance license by the Financial Regulatory Authority, the company announced in a statement (pdf). Bank Audi\u2019s Egypt arm has obtained a license to set up online payment gateways for its client vendors and businesses after gaining central bank approval,\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-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":570457,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/01\/consumer-finance-companies-are-looking-fra-licensing\/","url_meta":{"origin":574604,"position":2},"title":"Consumer finance companies are looking FRA licensing","author":"enterpriseam admin","date":"1 April 2020","format":false,"excerpt":"valU, Premium Card, Souhoola and Aman are looking for consumer finance licensing: Consumer finance outfits valU (an arm of EFG Hermes), Premium Card, Aman Installment Company (a subsidiary of Raya Holding), and Souhoola (a CI Capital subsidiary) will apply to the Financial Regulatory Authority (FRA) to receive licenses, according to\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":566782,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/13\/ci-capital-board-gives-banque-misr-preliminary-approval-for-souhoola-majority-stake-purchase\/","url_meta":{"origin":574604,"position":3},"title":"CI Capital board gives Banque Misr preliminary approval for Souhoola majority stake purchase","author":"enterpriseam admin","date":"13 July 2021","format":false,"excerpt":"CI Capital\u2019s board gives initial nod to the sale of a controlling stake in Souhoola to Banque Misr. The board approved in principle a non-binding offer from state-owned Banque Misr \u2014 the investment bank\u2019s parent company \u2014 to purchase CI\u2019s entire 98.01% stake in its consumer finance subsidiary, Souhoola, according\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566714,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/08\/ci-capital-could-be-saying-goodbye-to-souhoola\/","url_meta":{"origin":574604,"position":4},"title":"CI Capital could be saying goodbye to Souhoola","author":"enterpriseam admin","date":"8 July 2021","format":false,"excerpt":"MARKET ROUNDUP-The EGX30 fell 0.9% at today\u2019s close on turnover of EGP 1.23 bn (0% above the 90-day average). Regional investors were net sellers. The index is down 6.1% YTD.In the green: Palm Hills Development (+3.1%), Sidi Kerir Petrochemicals (+1.4%) and CIB (+0.3%).In the red: Fawry (-4.6%), Pioneers Holding (-2.6%)\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"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":574604,"position":5},"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. 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