Latest news with #AMANHolding
Zawya
23-06-2025
- Business
- Zawya
Egypt: Aman Holding concludes $13mln securitization issuance
Arab Finance: AMAN Holding, a Raya Holding portfolio company, has closed the third securitization issuance by AMAN Securitization, with a total value of EGP 665.5 million, according to a press release. On behalf of AMAN Consumer Finance, AMAN Securitization completed the issuance, with CI Capital acting as the financial advisor, lead arranger, general coordinator, issuance manager, and placement agent for the transaction. This offering aligns with the group's successful securitization program, highlighting its commitment to expanding its financing portfolio and contributing to the national economy. Hazem Moghazi, Co-CEO of Business and Commercial Affairs at Aman Holding, stated: 'Since the launch of our securitization program, we have successfully completed issuances totaling nearly EGP 9.7 billion to date, which stands as a testament to our commitment to sustainable growth and to contributing to the development of Egypt's non-banking financial sector.' Moghazi continued: 'We remain committed throughout 2025 to implementing our strategy of diversifying funding sources and enhancing financial transparency, supporting market stability, and aligning with the aspirations of the national economy.' On his part, Amr Helal, CEO (Sell-Side) of the Investment Bank at CI Capital, commented: "This issuance also affirms our ability to provide our clients with diverse and innovative investment solutions.' 'CI Capital has effectively concluded seven securitized bond issuances for Aman since 2023, strongly indicating the solid partnership between the two companies. He expressed his aspiration to enhance strategic cooperation between the two companies further, considering Aman one of CI Capital's most significant partners,' Helal added. Meanwhile, Zaki Hashem & Partners served as the legal advisor, while United Auditors for Audit, Tax, Financial Consultancy and Services acted as the financial auditor. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
22-06-2025
- Business
- Zawya
AMAN Holding announces successful closure of third securitization issuance worth EGP 665.5mln
Cairo – AMAN Holding, a Raya Holding portfolio company and the most integrated fintech group in Egypt, has announced the successful closure of the third securitization issuance by AMAN Securitization on behalf of AMAN Consumer Finance, with a total value of EGP 665.5 million. This issuance comes as a continuation of the group's successful securitization program, reflecting the strong performance of its subsidiaries and reaffirming its ability to grow its financing portfolio and contribute to the national economy. In the same context, Eng. Hazem Moghazi, Co-CEO of Business and Commercial Affairs at AMAN Holding, added: 'The success of this issuance reflects the strong confidence that investors place in AMAN Holding and in the Egyptian market overall. Since the launch of our securitization program, we have successfully completed issuances totaling nearly EGP 9.7 billion to date, which stands as a testament to our commitment to sustainable growth and to contributing to the development of Egypt's non-banking financial sector. We are proud to collaborate with all stakeholders involved in AMAN Securitization's various issuances, and we remain committed throughout 2025 to implementing our strategy of diversifying funding sources and enhancing financial transparency, supporting market stability, and aligning with the aspirations of the national economy.' "This issuance, marking the Seventh issuance concluded by CI Capital for Aman Holding, a portfolio company of Raya Holding, reflects CI Capital's series of successes by executing numerous key transactions, further reinforcing our leading position as Egypt's leading advisory house. This issuance also affirms our ability to provide our clients with diverse and innovative investment solutions,' Commented Amr Helal, Chief Executive Officer (Sell-Side) of the Investment Bank at CI Capital. 'CI Capital has effectively concluded seven securitized bond issuances for Aman since 2023, strongly indicating the solid partnership between the two companies. He expressed his aspiration to enhance strategic cooperation between the two companies further, considering Aman one of CI Capital's most significant partners,' Added Helal. It is worth noting that CI Capital acted as the financial advisor, lead arranger, general coordinator, issuance manager, and placement agent. Zaki Hashem & Partners served as the legal advisor, while United Auditors for Audit, Tax, Financial Consultancy and Services acted as the financial auditor. About AMAN Holding: AMAN Holding - a Raya Holding portfolio companyand the most integrated fintech group in Egypt encompassing 'AMAN Electronic Payment Technology,' 'AMAN for Financial Services,' 'AMAN for Business Finance,' 'Aman for Consumer Finance' and 'AMAN Securitization,' is among the first companies in Egypt working towards the Egyptian state's vision of digital transformation and financial inclusion. AMAN Holding has developed an integrated Egyptian model that leverages promising opportunities in the non-banking financial technology sector. The company offers over 2,000 affordable and high-quality financial services to citizens with no bank accounts, aiming to help them achieve self-sufficiency. In a short period, each of these companies has emerged as a leader in its respective field, advancing the non-banking financial sector and introducing numerous innovative services and products. For more information, please visit AMAN Holding's official website:
Zawya
20-05-2025
- Business
- Zawya
Egypt: AMAN Holding logs $128mln revenues in 2024
Arab Finance: AMAN Holding, a Raya Holding portfolio company, has unveiled its financial results for 2024 and the first quarter (Q1) of 2025, showing a robust performance and growth across all areas, as per an emailed press release. This was driven by geographic expansion, technological innovation, and the provision of digital financial solutions tailored to a broad and growing customer base. To maintain its strong financial position, AMAN increased its capital to EGP 2.065 billion by the end of Q1 2025. The company achieved revenues of EGP 6.4 billion by the end of 2024, marking a 41% increase compared to 2023, and EGP 1.7 billion in the first quarter of 2025. In terms of its geographic presence, AMAN expanded its footprint nationwide, operating more than 458 branches across 27 governorates. Hazem Moghazi, Co-CEO of Business and Commercial Affairs at AMAN Holding, stated: 'The small and medium enterprises (SME) and microfinance segment generated EGP 2.5 billion in revenues and grew by 83% from 2023 to 2024, with total financing of EGP 7.1 billion. Q1 2025 contributed an additional EGP 2.1 billion, supported by our expanding branch network, now reaching 212 branches.' 'Our Islamic finance portfolio continues to grow, with over 5,000 finance deals worth more than EGP 267 million in 2024, and 1.7k+ additional finances worth EGP 83 million in Q1 2025, across 19 branches. In consumer finance, we recorded EGP 5.6 billion in issuances during 2024 and EGP 1.8 billion in Q1 2025,' he added. 'Our digital payments business grew by 32% in 2024, reaching over EGP 58 billion across 560 million transactions. The momentum continued in Q1 2025, achieving 22% growth and totaling EGP 17 billion across 145 million transactions,' Mohamed Wahby, Co-CEO of Products & Technology at AMAN Holding, said. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
