• Tuesday, 13 July 2021

    CI Capital board gives Banque Misr preliminary approval for Souhoola majority stake purchase

    CI Capital’s board gives initial nod to the sale of a controlling stake in Souhoola to Banque Misr. The board approved in principle a non-binding offer from state-owned Banque Misr — the investment bank’s parent company — to purchase CI’s...
  • Thursday, 8 July 2021

    CI Capital could be saying goodbye to Souhoola

    MARKET ROUNDUP-The EGX30 fell 0.9% at today’s close on turnover of EGP 1.23 bn (0% above the 90-day average). Regional investors were net sellers. The index is down 6.1% YTD.In the green: Palm Hills Development (+3.1%), Sidi Kerir Petrochemicals (+1.4%)...
  • Thursday, 1 October 2020

    Who’s got licenses for what?

    CI Capital’s consumer finance arm Souhoola has been awarded a consumer finance license by the Financial Regulatory Authority, the company announced in a statement (pdf). Bank Audi’s Egypt arm has obtained a license to set up online payment gateways for...
  • Tuesday, 15 September 2020

    CI Capital’s Souhoula provides installment payment option through retailers

    CI Capital’s consumer finance arm Souhoola has signed contracts with six brick and mortar and online retailers to allow customers to pay for their purchases in installments, Souhoola CEO Hazem Madani said, according to Al Mal. The retailers include Jumia,...
  • Tuesday, 8 September 2020

    Premium Card closes EGP 182 mn securitized bond issuance

    DEBT WATCH- Premium Card closes EGP 182 mn securitized bond issuance: Premium Card has closed the third issuance of its EGP 2 bn securitized bond program with a single-tranche, 10-month bond worth EGP 182 mn, a company statement (pdf) said...
  • Wednesday, 1 July 2020

    Seven would-be consumer finance companies want to enter the increasingly crowded industry

    Seven consumer finance companies have license applications in with the FRA to formally join an increasingly crowded industry, Al Mal reports, citing unnamed sources with knowledge of the matter. The newspaper suggests there are as many as 25 consumer finance...
  • Wednesday, 1 April 2020

    Consumer finance companies are looking FRA licensing

    valU, Premium Card, Souhoola and Aman are looking for consumer finance licensing: Consumer finance outfits valU (an arm of EFG Hermes), Premium Card, Aman Installment Company (a subsidiary of Raya Holding), and Souhoola (a CI Capital subsidiary) will apply to...

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