CI Capital Concludes EGP 1.77bn Securitized Bond Issuance for Al Taamir for Leasing and Factoring (Al Oula)

CI Capital Holding (CICH.CA), Egypt’s leading diversified financial services group, announced today the successful conclusion of a securitized bond issuance worth a total of EGP 1.77 billion for El Taamir Securitization. Al Taamir for Leasing and Factoring (Al Oula) acted as the originator and assignor of the underlying financial portfolio.

CI Capital successfully spearheaded the transaction, acting as the Sole Financial Advisor, Issuance Manager, Bookrunner, and Lead Arranger, further cementing its leadership position within Egypt’s debt capital markets.

Tranche Breakdown and High Credit Ratings

The multi-tranche debt offering for Al Taamir for Leasing and Factoring (Al Oula) was structured across three distinct tenors, reflecting strong creditworthiness evaluated by Middle East Ratings and Investor Services (MERIS):

• First Tranche: Valued at EGP 637 million, featuring a tenor of 25 months, and assigned a high-grade AA+ credit rating by MERIS.

• Second Tranche: Valued at EGP 422 million, featuring a tenor of 37 months, and assigned an AA- credit rating by MERIS.

• Third Tranche: Valued at EGP 712.85 million, featuring a tenor of 55 months, and assigned an A- credit rating by MERIS.

Strategic Growth and Robust Investor Demand

Haitham Serag, CEO of Al Taamir Leasing and Factoring, expressed his immense pleasure with the successful completion of this inaugural issuance under the company’s newly established securitization bond program, which has a maturity of up to five years. Serag noted that this achievement reflects the operational success of the company’s corporate strategy to diversify its institutional funding sources. He highlighted that the proceeds generated from the issuance will actively strengthen the company’s financing capabilities and support its future expansion plans across various economic sectors, matching the growing demand for competitive leasing and factoring solutions in the Egyptian market.

Furthermore, Serag explained that the issuance witnessed strong demand from institutional investors and financial institutions, achieving a subscription coverage ratio exceeding 1.70x of the total issuance amount. This oversubscription directly reflects the investment community’s deep confidence in the company’s solid financial position, strong performance, and ability to unlock sustainable growth within the non-banking financial services (NBFS) sector.

Record Portfolio Expansion and Capital Growth

Serag added that Al Oula continues to deliver strong business performance, with its total combined leasing and factoring portfolio surpassing EGP 8.5 billion. The underlying portfolio recorded an impressive growth rate of 45% during 2025 compared to the previous year, maintaining its growth trajectory throughout 2026 by achieving an additional 15% increase since the beginning of the year.

The company’s performance during the past period has been backed by shareholder confidence, demonstrated by a capital increase of EGP 400 million to support future financing activities. Additionally, Al Oula achieved an exceptional net profit growth of 184% during 2025. In the same year, it successfully secured new credit approvals and credit facilities amounting to EGP 5 billion from leading banks, which optimized operational efficiency and diversified revenue streams.

Strengthening Debt Capital Markets

Amr Helal, CEO of CI Capital’s Investment Bank (Sell-Side), stated that the successful completion of the securitized bond issuance marks another milestone in CI Capital’s long-standing cooperation with Al Oula, reinforcing CI Capital’s position as the advisor of choice for innovative financing solutions.

Mohamed Abbas, Managing Director and Head of Debt Capital Markets at CI Capital, added that the successful execution and strong investor demand reflect the depth of Egypt’s securitization market, reinforcing CI Capital’s leadership.

For professional execution, Baker Tilly acted as the issuance’s independent auditor, while Barakat, Maher & Partners in association with Clyde & Co served as the legal advisor.