Contact seeks to access Saudi market early-2025: CEO

Updated 3/4/2024 7:09:00 AM
Contact seeks to access Saudi market early-2025: CEO

Arab Finance: Contact Financial Holding is planning to enter the Saudi market in early 2025 to provide financing services to the 3 million Egyptian expats in the kingdom, the firm’s CEO Said Zater told Asharq Business.

The company is currently conducting studies on the financing costs and the Saudi cities occupied by Egyptian expats, he added.

In February, Zater revealed that the firm embarked on establishing a new company in the UAE to provide financing services to Egyptian expats.

He also highlighted that Contact depends on working capital, bond issuance, and bank financing to fund its working capital.

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