The statement said Reefy is Egypt’s first licensed microfinance player, serving more than 300,000 clients through 38 branches across Egypt. The statement added that CI Capital will work closely with the existing shareholders of Reefy on enhancing the strategic value and growth initiatives. CI Capital aims to integrate Reefy onto its platform of non-banking financial services, which includes Corplease, Egypt’s market leader in financial leasing. The statement noted that CI Capital recently announced the acquisition of an additional stake, bringing its total to 86% in Corplease. CI Capital is an Egyptian firm that specialises in diversified financial services.

Source: Daily News Egypt October 04, 2017 07:07 UTC