AUR Capital, a financial consulting company and a subsidiary of AUR Capital Financial Group, has successfully completed the first issuance of the second programme for AUR for Securitization on behalf of Waseela, a micro, small, and medium enterprise (MSME) finance company. The issuance was done in collaboration with several partners, including the Arab African International Bank, CI Capital, El Darrini & Partners for legal consultations, and KPMG. The issuance consists of two tranches with a total value of EGP 255m. Both tranches have received a P1 credit rating from MEIRS Middle East Credit Rating and Investor Services, which is the highest rating from the company. Ashraf Salman, the Chairperson of AUR Capital Financial Group, expressed his satisfaction with the group’s role in the issuance, which reflects its track record in completing Tawarruq transactions.

Source: Daily News Egypt November 08, 2023 13:02 UTC