CI Capital Boosts Egypt’s Finance Scene with EGP 1.3 Billion Bond Issuance

It’s not every day you see a financial deal in Egypt grab as much attention as the latest move by CI Capital, which has just wrapped up a securitised bond issuance totalling a hefty EGP 1.3 billion for El Taamir Securitization, with Al-Tameer Leasing and Factoring Company—often known as Al Oula—front and centre as the originator of the portfolio. Now, for those who don’t speak bond market fluently, securitisation is essentially a way for companies to bundle up future cash flows and sell them on to investors, freeing up capital and fueling further growth. It’s no walk in the park, but when done well, it can be a game-changer for ambitious firms across the region.

This latest issuance was split into three main tranches: the first, clocking in at EGP 573.5 million for a 25-month period, secured a solid AA+ rating from MERIS (Middle East Ratings and Investor Services). The second tranche, valued at EGP 462 million and set over 37 months, landed an AA- rating, while the third amounting to EGP 263 million across 48 months sat at A. If you ask me, those are some robust ratings—investors usually prick up their ears for opportunities like these, even if navigating bond markets sometimes feels a bit of a faff.

It’s clear the sentiment from the company leadership is pretty spot on. Haitham Serag, who leads Al-Tameer Leasing and Factoring, flagged this as a clear sign of investor confidence, pointing out that the company’s portfolio now hits around EGP 7 billion. The goalpost by year’s end? EGP 8.5 billion, which, if reached, would mark a tidy bit of growth. In the first half of this year alone, the team signed off on leasing and factoring contracts totalling EGP 5.1 billion—with a hefty 55% of those deals concentrated in the real estate sector. They’re not resting on their laurels either; the company is pushing through joint financing deals worth EGP 850 million and has topped up its own capital to a not insignificant EGP 712 million. I reckon that’s ambitious, and while the road ahead might be bumpy, the groundwork is definately being laid.

Amr Helal, holding the reins on the investment banking side at CI Capital, expressed satisfaction with how the deal played out, making note of his firm’s drive to keep broadening access to creative financing across Egypt. Helal also tipped his hat to the team’s relentless efforts—a nod anyone who’s spent late nights in debt capital markets can appreciate. Meanwhile, Mohamed Abbas, who runs the Debt Capital Markets desk, highlighted the ongoing appetite among investors, with coverage levels at nearly 200%, showing just how much enthusiasm these deals can generate if executed properly.

The legal and logistical side was managed by Baker Tilly as the auditor and Dreny & Partners providing legal advice, rounding out a transaction that required all hands on deck. The whole process speaks volumes about the increasingly sophisticated financial strategies taking hold in MENA, and—from an Arageek perspective—the way such moves could energise startups and scale-ups eager for fresh capital.

And believe it or not, seeing such steady investor demand even in a tricky economic landscape is almost enough to be chuffed to bits—especially for those of us keen to see more innovative finance trickle down to those who need it most. On the flip side, I’m not a fan of jargon-heavy press releases that leave everyone outside the finance world scratching their heads. So here’s to keeping things open, accessible, and building momentum for local firms (and founders) trying to get their big break. Just goes to show—sometimes, it pays to take the plunge, even when the market waters look a tad choppy.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!

✉️ Send Us Your Story 👇

https://en.arageek.com/send-us-your-story-or-a-news-tip