Al-Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), completed its first-ever Musharaka Sukuk issuance, with a value of EGP 2.8 billion

Al Ahly Pharos Investment Banking has concluded advisory on Capital Securitization Company’s EGP 5.05 billion securitization issuance

Egypt’s economic growth is projected to hit 4% in the current fiscal year (FY) 2024/2025, marking a modest rebound from the 3% growth recorded in FY2023/2024.

Tamweely Microfinance has launched its first securitization program valued at EGP 5 billion, marking a significant milestone in its strategy to diversify funding sources and accelerate its expansion.

Al-Ahly Pharos Investment Banking, a subsidiary of Al-Ahly Financial Services Group, has concluded advisory and/or arranging and underwriting services for seven securitization issuances valued at EGP 12 billion within the last 12 days in December 2023.

Al-Ahly Pharos Investment Banking has successfully wrapped up advisory on Tamweel Mortgage’s third issuance of its first securitization program worth EGP 1.695 billion, as per an emailed press release.

Al-Ahly Pharos Investment Banking has successfully wrapped up advisory on AUR Securitization Company’s second issuance of its first securitization program worth EGP 1.79 billion.

Al-Ahly Pharos Investment Banking has successfully concluded, in collaboration with the Commercial International Bank (CIB) and CI Capital, the New Urban Communities Authority’s (NUCA) second securitization issuance worth EGP 15 billion.

The first tranche, valued at EGP 313 million, carries a tenor of 25 months, while the second is worth EGP 271 million with a tenor of 37 months and the third is worth EGP 476 million with a tenor of 58 months.