Contact Financial Holding, a premier provider of non-banking financial services in Egypt, has successfully concluded its first securitization bond issuance for the year 2024. The issuance, managed by Sarwa Securitization, comprises a consumer finance portfolio from Contact Credit, its affiliates, and sister companies, totaling EGP 1.04bn. Major financial institutions have underwritten and subscribed to the issuance, with Contact Financial Holding spearheading the process as the issuance manager, promoter, and underwriter. Arab African International Bank served as the custodian, and Banque Du Caire functioned as the placement agent. It also signifies the trust that both local and international financial institutions place in our robust credit portfolio, our diverse financial products, and our team’s expertise.

Source: Daily News Egypt May 09, 2024 11:59 UTC