Microfinance Enterprise Services – Reefy announced that it has received final approval from the Financial Regulatory Authority (FRA) for the third issuance under its second securitisation programme, with a total value of EGP 1.064bn, in favour of Egyptian Securitisation Company. The third securitisation issuance is structured into three tranches: a first tranche valued at EGP 451m with a six-month maturity; a second tranche of EGP 413m with a 12-month maturity; and a third tranche amounting to EGP 200m with a 19-month maturity. Both the first and second tranches were awarded a Prime 1 rating—the highest credit rating—while the third tranche received an A- rating. These ratings are consistent with those assigned to the corresponding tranches in the previous issuance, underscoring the stability of Reefy’s financing portfolio and the robustness of the issuance’s credit structure. The company currently serves approximately 145,000 clients through a network of 220 branches across 22 governorates nationwide.

Source: Daily News Egypt December 30, 2025 18:12 UTC