CI Capital Successfully concludes the largest corporate bond issuance in the Egyptian Market History for Tasaheel Finance worth EGP2.5bln
Cairo, CI Capital (CICH.CA), the leading diversified financial services group, announced today the successful conclusion of the EGP 2.5bn corporate bond issuance for Tasaheel Finance.
Tasaheel's issuance, which received an investment grade BBB+ rating from Middle East Ratings and Investor Services (MERIS), is in two tranches: the first tranche is valued at EGP 2bn with a tenor of 12 months, while the second tranche is valued at EGP 500mn with a tenor of 36 months.
'CI Capital is proud of the successful conclusion of 5 DCM issuances for Tasaheel Finance since 2023 with a total value of EGP 20.29bn, reflecting the strong partnership between both parties. This historical issuance is another example of CI Capital's commitment to offering unparalleled innovative financial and investment solutions to its clients, as well as reflecting its commitment to developing the Egyptian capital market space," commented Amr Helal, Chief Executive Officer (Sell-Side) of the Investment Bank at CI Capital.
'Tasaheel's issuance, the largest corporate bond issuance in the Egyptian market history, is a turning point in the local Debt Capital Markets landscape, as it demonstrates that corporate bonds can act as a reliable financing alternative to traditional financing sources, attracting investments from sources other than the banking sector in the process. This is proven by the fact that 60% of the issuance was covered by non-banking investors, which also highlights CI Capital's strong fundraising abilities,' commented Mohamed Abbas, Head of Debt Capital Markets at CI Capital.
CI Capital acted as the issuance manager and bookrunner, while KPMG served as the auditor of the issuance, Maatouk Bassiouny & Hennawy served as the legal advisor and the Egyptian Gulf Bank served as the subscription recipient.
About CI Capital Holding for Financial Investments
CI Capital Holding for Financial Investments (Ticker: CICH EY, CICH.CA) 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.
Additionally, CI Capital Holding for Financial Investments offers microfinance lending through Egypt's first licensed MFI, Reefy. The Group has over 4,000 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.
Banque Misr, one of Egypt and Africa's most renowned financial banks, is the majority shareholder of CI Capital Holding.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Tourism Breaking News
14 hours ago
- Tourism Breaking News
Majid Al Futtaim and Ennismore announce plans for Egypt's first 25hours Hotel
Post Views: 60 Majid Al Futtaim announced a new strategic partnership with Ennismore to launch Egypt's first 25hours Hotel at Junction, Majid Al Futtaim's upcoming business and lifestyle destination in West Cairo. The new addition marks the debut of the 25hours brand in the Egyptian market, reinforcing Junction's position as a dynamic hub for hospitality, business, and culture. Bringing a playful, design-led approach to hospitality, 25hours will inject fresh creative energy into West Cairo. Known for its eclectic interiors, strong sense of place, and immersive storytelling, the brand's arrival signals a bold reimagining of how hotels contribute to urban culture. Gaurav Bhushan, Chief Executive Officer for Ennismore, said, 'Ennismore is honoured to be partnering with Majid Al Futtaim to bring 25hours to Egypt for the first time, especially within a lifestyle destination like Junction. Each 25hours Hotel is inspired by the rich culture and history of its location, and we look forward to creating a strong sense of storytelling through design and community spaces through our restaurants and bars for our guests.' 'At Majid Al Futtaim, we believe in creating destinations that truly reflect the needs and aspirations of today's customers. The arrival of 25hours at Junction marks an exciting moment in our refounding journey and continues our longstanding legacy of introducing bold, innovative concepts to the communities we serve.' said Ahmed El Shamy, Chief Executive Officer, Majid Al Futtaim Properties. 'This partnership also marks a significant step in our vision to create destinations that are both commercially vibrant and culturally meaningful, while further reinforcing our long-term commitment to building integrated, future-ready environments that drive economic growth and foster innovation.' Situated in the heart of Junction, the hotel will feature approximately 250 keys, comprising both hotel rooms and 25hours Heimat branded residences. Designed to reflect the 25hours ethos, the property will offer guests a more immersive connection to the brand's distinctive lifestyle experience. Guests and residents will have access to three distinctive dining venues, coworking areas, spa and wellness facilities, and flexible spaces for meetings and events. Innovatively transcending conventional residential norms, 25hours Heimat offers an unparalleled living experience, complete with a range of unconventional amenities accessed through an on-site concierge and Accor's Ownership Benefits Programme. Founded in Germany and now part of Ennismore, a global collective of lifestyle brands, 25hours continues to grow and expand, boasting a reputation for creative, experience-driven stays that are rooted in the identity of each location. Bringing together premium business and lifestyle offerings, Junction spans more than 129,000 sqm across two interconnected plots. The development includes 13 cutting-edge office buildings, curated retail and F&B experiences, and sustainable infrastructure designed to meet LEED Gold certification standards. With 97,000 sqm of flexible, state-of-the-art workspace, Junction is purpose-built for modern business and future-ready enterprises. First introduced in April 2025, Junction is a key part of Majid Al Futtaim's development strategy in Egypt. The destination is designed to foster productivity, creativity, and community through its modern infrastructure, walkable layout, and curated public spaces. With sustainability as a core principle, Junction aims to achieve LEED Gold certification. Blending commercial and lifestyle elements, Junction is redefining the way people work, collaborate, and engage with the city. The arrival of 25hours will add a new layer of vibrancy to Junction, helping shape it into a landmark destination for business, culture, and modern enterprise.
Zawya
a day ago
- Zawya
Banque du Caire posts 45% higher profits in Q1-25; assets hit $10.04bln
Cairo – Banque du Caire registered standalone net profits after tax worth EGP 3.44 billion in the first quarter (Q1) of 2025, higher by 45% year-on-year (YoY) than EGP 2.37 billion. Basic earnings per share (EPS) dropped to EGP 0.35 in Q1-25 from EGP 0.46 in Q1-24, according to the financial results. Net interest income hiked by 30% YoY to EGP 8.27 billion as of 31 March 2025 from EGP 6.36 billion. Quarterly, the Q1-25 profits dropped by 8% from EGP 3.73 billion in Q4-24, while the net interest income grew by 3% from EGP 8.05 billion. The lender reported total assets amounting to EGP 500.81 billion at the end of March 2025, up 4% from EGP 483.09 billion as of 31 December 2024. The deposits to customers rose by 5% to EGP 369.22 billion from EGP 352.27 billion. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Zawya
CI Capital Holding reports strong quarterly results
Normalized NPATM (Net Profit After Tax and Minority Interest), excluding FX impact, increased by 54%, while normalized revenues -on the same basis- increased by 35% The Group's on-balance sheet financing portfolio continues to grow, recording EGP 23.7bn, a 15% y-o-y increase Cairo: CI Capital ( the leading diversified financial services group, announced today its financial results for 1Q25, with revenues reaching EGP 2.4bn, while net profit after tax & minority interest recorded EGP 381mn. The Group's total on-balance sheet financing portfolio continues to grow, reaching a total of EGP 23.7bn, up 15% y-o-y. 'CI Capital demonstrated, once again, its unique resilience and agility through a challenging macroeconomic environment and market shifts, by achieving solid results despite current headwinds. CI Capital continues to expand its financial portfolio by a 15% increase y-o-y, reaching EGP 23.7bn, reflecting its diversified business model and further cementing its leadership within the Egyptian market,' stated Mahmoud Attalla, the Group's Executive Vice Chairman and MD. 'CI Capital, driven by the strength of its core operations, after excluding the impact of foreign exchange, recorded a 54% y-o-y increase in normalized net profit after tax and minority interest (NPATM), while revenues—on the same basis—rose by 35%. CI Capital, throughout 1Q25, continues to deliver a consistently strong performance amid market volatility,' Commented CI Capital's Group CEO, Hesham Gohar. 'Our NBFS platform continues to be a key driver of growth, thriving across overall performance; Corplease, the group's leasing arm, cemented its leadership position by achieving an exceptional 275% y-o-y increase in new lease bookings, while CI Mortgage achieved a remarkable 192% y-o-y increase in loan disbursements, further growing its portfolio by a substantial 85% y-o-y. Our microfinance arm, Reefy, continues to deliver steady results and expand despite a challenging market. CI Capital's Investment Bank posted strong results, with our advisory division excelling in deal executions, concluding 8 major transactions with an aggregate size of EGP 22.4bn during 1Q25. On the Asset Management front, our total AUMs grew by 18% during 1Q25, reaching an all-time high of EGP 82.1bn,' Gohar added. Corplease, the Group's leasing arm, ended the quarter with a total outstanding portfolio of EGP 17bn, up by 14% year over year. It reported an exceptional 275% y-o-y increase in new lease bookings, totaling EGP 3.9bn. Corplease maintained its leading position with a 33% market share, while net profit after tax recorded EGP 223mn in 1Q25. CI Mortgage Finance concluded 1Q25 with an 85% y-o-y increase in its outstanding portfolio, recording EGP 2.5bn, while extending EGP 795mn in new loans during this quarter, a remarkable 192% y-o-y increase. Revenues increased by 95% y-o-y to reach EGP 194mn, while net profit after tax reached EGP 29mn, a 141% y-o-y increase. Reefy Microfinance Enterprise Services ended 1Q25 by extending new loans totaling EGP 957mn and expanding its branch network to 189 branches, serving 135k customers across 21 governorates. By 1Q25, Reefy's total outstanding portfolio reached 3.4bn. CI Capital's Investment Bank posted a strong set of results, with revenues reaching EGP 387mn. CI Capital Brokerage total revenues reached EGP 249mn, CI Capital Asset Management reported a 10% y-o-y increase in revenues to reach EGP 88mn, while total assets under management reached an all-time high of EGP 82.1bn, an 18% y-o-y growth. CI Capital's IB advisory division continued to excel in terms of performance and deal executions during 1Q25, concluding 8 high-profile transactions spanning ECM, DCM, and M&A, with an aggregate size of EGP 22.4bn. 'With a resilient and diversified portfolio paired with a leadership position within the Egyptian market, CI Capital will continue to navigate challenging market cycles, providing its investors with tailor-made, innovative financial solutions and offering excellence in everything we do. The company remains fully committed to expanding its service offerings while solidifying its regional footprint and market presence," Gohar concluded.
