Arab Finance: Tawasoa for Factoring signed an EGP 30 million loan agreement with the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), according to a bourse disclosure.
The loan will be utilized to finance new and existing small and medium-sized enterprises (SMEs) across Egypt's governorates through commercial factoring operations.
The loan has a tenor of 18 months, starting from the disbursement date of the first installment. The facility will be repaid using proceeds collected from factoring contracts entered into with its clients.
In the first half (H1) of 2026, the EGX-listed company recorded a 7.45% year-on-year increase in net profit to EGP 7.57 million, compared with EGP 7.04 million.
