CI Capital successfully concludes the first securitization bond issuance for Fawry MSME Finance with a total value of EGP497.5mln
Cairo, CI Capital (CICH.CA), the leading diversified financial services group, announced today the successful conclusion a securitized bond issuance worth a total of EGP 497.5 million for Capital for Securitization, in which Fawry MSME Finance is the originator and assignor of the portfolio.
Fawry's issuance, which received an investment grade A- rating from Middle East Ratings and Investor Services (MERIS), was issued as a single tranche with a value of EGP 497.5mn and a tenor of 13 months.
Amr Helal, CEO of the Investment Bank (Sell-Side) commented: 'This landmark transaction marks the first-ever securitized bond issuance for Fawry Microfinance. It stands as a powerful testament to CI Capital's long-term vision of empowering companies with access to sustainable financing solutions that support their growth ambitions. We remain deeply committed to playing a leading role in advancing Egypt's debt capital markets and promoting securitization as a dynamic financing tool that fosters the development of both productive and service-oriented sectors—especially the rapidly growing microfinance space.'
Helal further added: 'We are proud of such a strategic partnership with Fawry, a leading player in Egypt's non-banking financial services sector. This issuance represents a significant milestone in our ongoing collaboration, reflecting the deep mutual trust between our institutions. It also underscores CI Capital's proven ability to structure and deliver complex, market-responsive transactions tailored to meet the evolving needs of our clients.' Moreover, Helal commended the significant efforts of CI Capital's debt capital markets team, as well as all parties involved in the successful completion of this issuance.
Mohamed Abbas, Executive Director - Head of the Debt Capital Markets at CI Capital, expressed his pride for completing the first securitized bond issuance for Fawry Microfinance. He noted that this issuance is part of CI Capital's broader strategy to attract new companies to the local debt capital markets. Abbas reflected on the valuable partnership between CI Capital and Fawry Microfinance, which will lead to further fruitful collaboration, contributing to the company's notable growth in the non-banking financial services sector.
CI Capital acted as the financial advisor, lead arranger, issuance manager, and bookrunner, while EG Bank acted as the custodian, Russel Bedford as the issuance's auditor, and Maatouk Bassiouny & Hennawy as the legal advisor.
About CI Capital Holding for Financial Investments
CI Capital Holding for Financial Investments is a diversified financial services group and Egypt's leading provider of leasing, microfinance, mortgage finance, consumer finance, and investment banking products and services. Through its headquarters in Cairo and presence in New York and Dubai, CI Capital Holding for Financial Investments offers a wide range of financial solutions to a diversified client base that includes global and regional institutions and family offices, large corporates, SMEs, and high-net-worth and individual investors. CI Capital Holding for Financial Investments leverages its full-fledged investment banking platform to provide market-leading capital raising and M&A advisory, asset management, securities brokerage, custody, and research. Through its subsidiary Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. In addition, CI Capital Holding for Financial Investments offers microfinance lending through Egypt's first licensed MFI, Reefy. The Group has over 3500 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets and a deep understanding of local market dynamics.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
9 hours ago
- Zawya
Under the patronage of the Ministry of Planning, Economic Development, and International Cooperation and the Dutch Embassy, 100 Startups Graduated from the 'Orange Corners' Program from the 2025 Delta Cohort
The 'Orange Corners Egypt' program announced the graduation of 100 startups in the first cohort of the 2025 program in the Delta region, during a ceremony held under the patronage of H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, and H.E. Ambassador Peter Mollema, Ambassador of the Netherlands in Cairo, at the Dutch Embassy in Cairo, in partnership with a number of private sector companies. This comes within the framework of promoting the concept of innovation and entrepreneurship among Egyptian youth. The ceremony was attended by a distinguished group of government representatives, development partners, and private sector leaders. In this context, H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, noted that empowering entrepreneurs by promoting innovation and creating new job opportunities is one of the main pillars of Egypt's economic development model, which is based on increasing private sector participation in development. The graduation of 100 startups within the Orange Corners program, is a real example of how international cooperation and private sector partnerships can create opportunities at the local level and contribute to inclusive growth in vital sectors such as agritech, education, and climate smart solutions. Among the graduating startups in the program's first cohort, 52 are led by women, reflecting the program's strong commitment to women's empowerment and inclusive economic growth. The program ensures that women constitute over 50% of total participants, in affirmation of its belief in the importance of integrating women into the economic development process and enabling them to build prosperous professional futures. This specific cohort was characterized by its focus on vital sectors that affect the future of the national economy, including smart agriculture, innovation in the food industry, sustainable technological solutions, green entrepreneurship, education, health, and creative industries. The program is a comprehensive platform that supports young entrepreneurs by providing specialized business development training, career guidance and mentorship, access to networks and investment opportunities, and the necessary support to establish viable and sustainable businesses. It is expected that the program will support around 130 startups during 2025, including 100 companies in the Delta region across the governorates of Alexandria, Beheira, Kafr El-Sheikh, Dakahlia, and Menoufia, in addition to 30 companies in Upper Egypt in the governorates of Assiut and Luxor. Each graduating project is estimated to create between two to five new jobs, which means the program has the potential to create more than 3,000 direct and indirect jobs. It is worth noting that the 'Orange Corners' program was launched in 2021 as part of a global initiative by the Kingdom of the Netherlands, and is implemented locally by Outreach Egypt Foundation, with the support of key partners at Al Qatta. The program aims to empower young people between the ages of 18 and 35 in marginalized areas and turn their ideas into innovative, scalable projects, in line with Egypt's Vision 2030 and five key UN Sustainable Development Goals (SDGs 4, 5, 8, 9, and 13). The program contributes directly to supporting inclusive growth, entrenching a culture of innovation, and promoting the principle of sustainability, based on a firm belief that youth are the key drivers of Egypt's future. Distributed by APO Group on behalf of Ministry of Planning, Economic Development, and International Cooperation - Egypt.
Zawya
11 hours ago
- Zawya
FABMISR leads EGP4.2bln Syndicated Loan for Redcon Properties' 'Golden Gate' Project
Cairo - Reinforcing its ongoing commitment to supporting major developmental projects in Egypt, First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, announced it has led a syndicated loan worth EGP 4.2 billion for Redcon Properties to finance the execution of its flagship commercial and administrative project, Golden Gate, in the heart of New Cairo. FABMISR acted as the initial mandated lead arranger, Bookrunner, Facility Agent, security agent, and account bank for the transaction. The syndicate also includes Al Baraka Bank Egypt and Abu Dhabi Commercial Bank as mandated lead arrangers, along with Arab Bank and Emirates NBD Egypt as lead arrangers, in a collaboration that reflects mutual confidence in the project's viability and developmental value. Matouk Bassiouny & Hennawy served as the lenders' legal counsel. The financing was oversubscribed by 1.2x, activating the Greenshoe Option to raise the facility amount from EGP 3.5 billion to EGP 4.2 billion — a testament to the innovative structuring and lenders' trust in the project. Commenting on this, Mr. Mohamed Abbas Fayed, CEO and Managing Director of FABMISR, said: "We are proud to lead this financing alliance, which reflects the essence of our strategy to empower large-scale real estate projects with forward-looking vision. The EGP 4.2 billion facility, structured over 3.5 years as a revolving credit, will partially fund the investment cost of Golden Gate. This collaboration reflects our growing confidence in the Egyptian market and in the ability of local companies to deliver transformative urban development projects aligned with sustainability goals.' Eng. Tarek ElGamal, Chairman of Redcon Properties, emphasized the significance of the project, stating: "We deeply value this financial partnership and take pride in our longstanding relationship with FABMISR under the leadership of Mr. Mohamed Abbas Fayed. We are especially honored that FABMISR has selected one of Redcon's LEED-certified green buildings as its new headquarters. We are also grateful for the trust shown by the participating banks and their esteemed leadership. This financing marks a significant boost toward accelerating the implementation of Golden Gate's phases to the highest standards. For us, Golden Gate is not just a real estate project; it's a meaningful contribution to Egypt's urban development journey." Eng. Ahmad Touni, CEO of Redcon Properties, added: 'Golden Gate represents a paradigm shift in urban development. We aim to deliver an integrated experience that redefines commercial and administrative communities, with a strong focus on environmental sustainability and catering to a wide range of users. Featuring international-grade commercial and administrative units, the project is designed to attract both local and international investments and serve as a hub for major banks and companies. The financing will cover part of the first phase's investment cost of approximately EGP 24.3 billion, spanning 178,000 square meters of built-up area. This reflects trust in our long-term strategic vision and a successful model of cooperation between the real estate and banking sectors.' For his part, Mr. Hazem Hegazy, CEO and Vice Chairman of Al Baraka Bank Egypt, stated: 'Our involvement in this joint financing deal aligns with our strategy to support the real estate sector and actively drive Egypt's urban development momentum. We believe syndicated loans offer a vital platform to stimulate investment in projects with direct economic and social impact. Our commitment to integrated financing solutions underscores our support for sustainable growth, infrastructure enhancement, and improved quality of life in Egypt's new cities, in line with the country's urban expansion vision.' Likewise, Mr. Ehab El Sewerky, CEO and Managing Director of Abu Dhabi Commercial Bank Egypt, commented: 'Our participation in this syndicated loan reaffirms our strong commitment to Egypt's economic development and reflects our strategic focus on actively contributing to vital sectors like real estate development, in alignment with the state's efforts to fund major projects, empower the private sector, and create job opportunities, thereby supporting the goals of sustainable development.' Mr. Ahmed Ismail, Area Manager of Arab Bank, said: 'Arab Bank is committed to offering financial solutions that back strategic projects and contribute to the development of key sectors and sustainable economic growth. We are proud to participate in this banking alliance and to support the financing of a project of this scale and significance.' Meanwhile, Mr. Amr El Shafei, CEO and Managing Director of Emirates NBD Egypt, also remarked: 'We are proud to announce this landmark agreement with our valued partner, Redcon Properties. This deal represents a major step forward in our strategic collaboration and stands as a testament to the trust and shared vision that define our relationship.' He added: "Such impactful and successful deals align with our strategic objectives, reinforce our competitive position, and fuel sustainable growth. It enhances our position as a trusted banking partner that supports its clients' ambitions and showcases our commitment to driving economic and urban development in Egypt.' The financial alliance, led by FABMISR, reinforces Golden Gate's position as one of East Cairo's most prominent mixed-use developments. Strategically located in the heart of New Cairo, the project features a 1.2-kilometer frontage on South 90 Street—directly opposite the American University in Cairo (AUC)—and is just 400 meters from the nearest monorail station, ensuring seamless connectivity with the area's modern infrastructure. Golden Gate offers an exceptional retail and leisure experience and includes one of Egypt's largest underground parking facilities, spanning 250,000 square meters over two levels. Embracing cutting-edge sustainability standards, the project reduces service costs by 40% and stands as the country's largest green, mixed-use development. Redcon Properties is partnering with leading local and international entities to implement smart, clean energy management solutions. About FABMISR: FABMISR, a subsidiary of the First Abu Dhabi Bank Group (FAB), is one of the largest foreign banks operating in Egypt. FABMISR's local network operates through 72 branches, where it provides leading banking products and services that cater to all customer segments; along with achieving the highest value for its stakeholders and employees. Moreover, the bank offers a personalized banking experience to meet the various expectations of its customers from large organizations, SMEs and consumers whilst utilizing its global experience to support stakeholders, entrepreneurs and the local economy. FAB is one of the world's largest and safest financial institutions with an international network spanning over five continents. The bank also offers global relationships, extensive experience, and financial strength to support local, regional, and international companies seeking to manage their businesses at home and abroad. FAB is rated Aa3, AA- and AA- by Moody's, Standard & Poor's (S&P, and Fitch, respectively), making it the most robust aggregate rating of banks in the Middle East and North Africa region. FAB is also a regional leader in sustainability and is part of the MSCI ESG Leaders Index and FTSE4Good EM. About REDCON properties: REDCON Properties was established in 2019 as the development arm of REDCON Group, specializing in mixed-use real estate projects. The Company operates with sustainability as its core value, where it leads the Egyptian real estate sector in the implementation of sustainable building and green architecture, with Golden Gate as its first flagship project. REDCON Properties derives its heritage from 30 years of experience with REDCON Constructions, which delivered more than 200 projects, among which are El Alamein Towers, Maspero Towers, Mansoura University, ABB, Pharco, Electrolux, First Abu Dhabi Bank – the Company's first green building that received a LEED silver certificate for its leadership in energy-saving designs and conservation of the environment.
Zawya
12 hours ago
- Zawya
FABMISR leads $85mln syndicated loan for Redcon Properties' Golden Gate project
First Abu Dhabi Bank Misr (FABMISR), the Egyptian subsidiary of UAE-headquartered First Abu Dhabi Bank (FAB), announced on Monday that it has led a syndicated loan of 4.2 billion Egyptian pounds ($85 million) to support the development of Redcon Properties' Golden Gate commercial project in New Cairo. FABMISR served as the initial mandated lead arranger, bookrunner, facility agent, security agent, and account bank for the financing transaction. The syndicate also included Al Baraka Bank Egypt and Abu Dhabi Commercial Bank (ADCB) as mandated lead arrangers, while Arab Bank and Emirates NBD Egypt participated as lead arrangers. The legal counsel for the lenders was provided by Matouk Bassiouny & Hennawy. Redcon Properties laid the foundation stone for Golden Gate in February 2022. A press statement issued by FABMISR said the financing facility, initially targeted at EGP 3.5 billion ($71 million), was oversubscribed 1.2 times, triggering the Greenshoe Option to increase the facility size to EGP 4.2 billion. Structured as a revolving credit facility over 3.5 years, the loan will cover part of the first phase investment cost of EGP 24.3 billion ($489 million). Phase 1 will have 178,000 square metres (sqm) of built-up area. (Writing by Eman Hamed; Editing by Anoop Menon) (
