CI Capital (CICH.CA), the leading diversified financial services group, announced today the successful conclusion of a securitized bond issuance worth a total of EGP 1.77 bn for El Taamir Securitization, in which Al Taamir for Leasing and Factoring (Al Oula) is the originator and assignor of the portfolio
The issuance of Al Taamir for Leasing and Factoring (Al Oula) comes in 3 tranches: The first tranche valued at EGP 637 Mn, with a tenor of 25 months, received AA+ rating from Middle East Ratings and Investor Services (MERIS). The second tranche, valued at EGP 422 Mn, with a tenor of 37 months, received a rating of AA-. The third tranche, valued at EGP 712.85 Mn, with a tenor of 55 months, received a rating of A-
Haitham Serag, CEO of Al Taamir Leasing and Factoring, expressed his pleasure with the successful completion of the first issuance under the company’s new securitization bond program, valued at EGP 1.77 billion with a maturity of up to five years. This achievement reflects the success of the company’s strategy to diversify its funding sources. He added that the proceeds of the issuance will strengthen the company’s financing capabilities and support its future expansion plans across various economic sectors, in line with the growing demand for leasing and factoring solutions in the Egyptian market
He explained that the issuance witnessed strong demand from investors and financial institutions, with a subscription coverage ratio exceeding 1.70x of the issuance amount. This reflects the investment community’s confidence in the company’s strong financial performance, solid financial position, and creditworthiness, as well as its ability to achieve sustainable growth within the non-banking financial services sector. This success further reinforces the company’s position as one of the leading leasing and factoring providers in Egypt and contributes to creating added value for shareholders, clients, and all stakeholders
Serag noted that the company continues to deliver strong business performance, with its total leasing and factoring portfolio surpassing EGP 8.5 billion. The portfolio recorded growth of 45% during 2025 compared to the previous year and continued its growth trajectory throughout 2026, achieving an additional 15% increase since the beginning of the year
He added that the company’s strong performance during the past period has been supported by shareholders’ confidence in its growth and expansion strategy. This was demonstrated by a capital increase of EGP 400 million, reflecting shareholders’ commitment to supporting the company’s future plans and strengthening its capital base to keep pace with the continued expansion of its financing activities
The company also achieved exceptional net profit growth of 184% during 2025. In the same year, it successfully secured new credit approvals and facilities amounting to EGP 5 billion from a number of leading banks and financial institutions. This contributed to increased business volumes, enhanced operational efficiency, and diversified revenue streams, which positively impacted the company’s overall financial performance indicators
Serag concluded his remarks by reaffirming the company’s commitment to continuing to provide innovative financing solutions that meet clients’ evolving needs, while maintaining strong and sustainable growth rates that support economic development and further strengthen the role of the non-banking financial sector in supporting the Egyptian economy
Amr Helal, CEO of CI Capital’s Investment Bank (Sell-Side), stated that the successful completion of the securitized bond issuance for Al Taamir for Leasing and Factoring (Al Oula) marks another milestone in CI Capital’s long-standing cooperation with Al Oula and further reinforces CI Capital’s leading position as advisor of choice in providing innovative and diversified financing solutions
For his part, Mohamed Abbas, Managing Director and Head of Debt Capital Markets at CI Capital, expressed his satisfaction with the successful completion of the issuance for Al Taamir for Leasing and Factoring (Al Oula). He noted that the issuance reflects the continued confidence of leading leasing companies in utilizing debt capital market instruments as a key financing tool to enhance their financial performance. Abbas added that the successful execution of the issuance and the strong investor demand it attracted reflect the depth of Egypt’s securitization market and the continued market confidence in securitized bonds as an established financing instrument, further reinforcing CI Capital’s leading position in the debt capital markets
CI Capital acted as Sole Financial Advisor, Issuance Manager, Bookrunner and Lead Arranger, while Baker Tilly acted as the issuance’s auditor, and Barakat, Maher & Partners in association with Clyde & Co acted as the legal advisor