{"id":602340,"date":"2019-03-25T04:00:30","date_gmt":"2019-03-25T04:00:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/aman-for-microfinance-plans-to-double-capital-to-egp-100-mn-by-year-end\/"},"modified":"2019-03-25T04:00:30","modified_gmt":"2019-03-25T04:00:30","slug":"aman-for-microfinance-plans-to-double-capital-to-egp-100-mn-by-year-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/aman-for-microfinance-plans-to-double-capital-to-egp-100-mn-by-year-end\/","title":{"rendered":"Aman for Microfinance plans to double capital to EGP 100 mn by year-end"},"content":{"rendered":"<p>Raya Holding\u2019s Aman for Microfinance is planning to double its capital by year-end to EGP 100 mn, Aman\u2019s CEO Ahmed El Khatib said, <a href=\"https:\/\/almalnews.com\/%D8%A3%D9%85%D8%A7%D9%86-%D9%84%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D9%85%D8%AA%D9%86%D8%A7%D9%87%D9%8A-%D8%A7%D9%84%D8%B5%D8%BA%D8%B1-%D8%AA%D8%AE%D8%B7%D8%B7-%D9%84%D9%85%D8%B6%D8%A7%D8%B9%D9%81\/\">according to Al Mal<\/a>. The increase is part of its expansion strategy, as the company is planning to raise its loans portfolio to EGP 500 mn and set up 30 new branches.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raya Holding\u2019s Aman for Microfinance is planning to double its capital by year-end to EGP 100 mn, Aman\u2019s CEO Ahmed El Khatib said, according to Al Mal. The increase is part of its expansion strategy, as the company is planning to raise its loans portfolio to EGP 500 mn and set up 30 new branches.<\/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":[204,2372,72,311],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602340","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-enterpriseam","tag-microfinance","wpautop","entry"],"acf":{"mongo_id":"68c8b9d6-09d5-4f59-ae7c-a64ff77eca43","is_powered_by":true,"section_story_id":"d6fd332f-5a9f-4499-8860-73fb02b8db84","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602313],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Aman for Microfinance plans to double capital to EGP 100 mn by year-end - 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\/2019\/03\/25\/aman-for-microfinance-plans-to-double-capital-to-egp-100-mn-by-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aman for Microfinance plans to double capital to EGP 100 mn by year-end\" \/>\n<meta property=\"og:description\" content=\"Raya Holding\u2019s Aman for Microfinance is planning to double its capital by year-end to EGP 100 mn, Aman\u2019s CEO Ahmed El Khatib said, according to Al Mal. The increase is part of its expansion strategy, as the company is planning to raise its loans portfolio to EGP 500 mn and set up 30 new branches.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/aman-for-microfinance-plans-to-double-capital-to-egp-100-mn-by-year-end\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-25T04:00:30+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/aman-for-microfinance-plans-to-double-capital-to-egp-100-mn-by-year-end\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/aman-for-microfinance-plans-to-double-capital-to-egp-100-mn-by-year-end\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Aman for Microfinance plans to double capital to EGP 100 mn by year-end\",\"datePublished\":\"2019-03-25T04:00:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/aman-for-microfinance-plans-to-double-capital-to-egp-100-mn-by-year-end\/\"},\"wordCount\":66,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"EnterpriseAM\",\"microfinance\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/aman-for-microfinance-plans-to-double-capital-to-egp-100-mn-by-year-end\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/25\/aman-for-microfinance-plans-to-double-capital-to-egp-100-mn-by-year-end\/\",\"name\":\"Aman for Microfinance plans to double capital to EGP 100 mn by year-end - 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The company said last month it intended to increase\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":594380,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/raya-holding-subsidiaries-to-issue-securitized-bonds-worth-egp-500-mn\/","url_meta":{"origin":602340,"position":2},"title":"Raya Holding subsidiaries to issue securitized bonds worth EGP 500 mn","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"Raya Holding for Financial Investments subsidiaries Raya Electronics, Aman Financial Services, and Aman Microfinance are planning to issue EGP 500 mn of asset-backed securities, according to the local press. CIB and the National Bank of Egypt will manage the securitization process and Dreny & Partners Law Firm will act as\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":598891,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/11\/raya-holding-subsidiary-to-increase-credit-portfolio-to-c-egp-500-mn\/","url_meta":{"origin":602340,"position":3},"title":"Raya Holding subsidiary to increase credit portfolio to c.EGP 500 mn","author":"enterpriseam admin","date":"11 June 2019","format":false,"excerpt":"Raya Holding\u2019s microfinance arm Aman intends to increase its credit portfolio to about EGP 500 mn by the end of 2019, the company said in an EGX disclosure (pdf). The company aims to use the credit increase to finance SMEs, it added, without providing further details.","rel":"","context":"In &quot;Banking + Finance&quot;","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":591591,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/vitas-microfinance-to-extend-egp-300-mn-loans-to-smes-in-2020\/","url_meta":{"origin":602340,"position":4},"title":"Vitas Microfinance to extend EGP 300 mn loans to SMEs in 2020","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"Vitas Misr for Microfinance, a subsidiary of B Investments\u2019 Ebtikar, is planning to extend EGP 300 mn in loans to SME clients next year, CEO Hossam Heiba tells Mubasher. The company is also in talks with four local banks for a EGP 200 mn loan, Heiba said.","rel":"","context":"In &quot;Banking + Finance&quot;","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":592804,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/tawriq-signs-egp-500-mn-securitization-issuance\/","url_meta":{"origin":602340,"position":5},"title":"Tawriq signs EGP 500 mn securitization issuance","author":"enterpriseam admin","date":"6 November 2019","format":false,"excerpt":"Arabia Investment\u2019s Tawriq for Securitization will issue EGP 500 mn of asset-backed securities for Raya Holding, pending the approval of the Financial Regulatory Authority, according to a disclosure to the bourse (pdf). 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