CI Capital bond issuance marked a new milestone in Egypt’s debt capital market after the company successfully completed a securitized bond issuance worth EGP 1.77bn for Al Taamir for Leasing and Factoring (Al Oula).
CI Capital completes EGP 1.77bn securitized bond issuance
CI Capital announced the successful completion of a securitized bond issuance worth EGP 1.77bn for El Taamir Securitization. Al Taamir for Leasing and Factoring (Al Oula) acted as the originator and assignor of the portfolio.
The issuance comprises three tranches. The first tranche reached EGP 637mn with a tenor of 25 months. Moreover, MERIS assigned an AA+ rating to this tranche.
The second tranche reached EGP 422mn and carries a tenor of 37 months. In addition, MERIS assigned an AA- rating.
Meanwhile, the third tranche reached EGP 712.85mn with a tenor of 55 months. MERIS assigned an A- rating to this tranche.
Al Oula strengthens financing capabilities
Haitham Serag, CEO of Al Taamir for Leasing and Factoring, expressed his satisfaction with the successful issuance.
He said the transaction represents the first issuance under the company’s new securitization program. Furthermore, the program is valued at EGP 1.77bn and extends up to five years.
He added that the proceeds will support expansion plans and strengthen financing capabilities. In addition, they will help meet growing demand for leasing and factoring solutions.
Strong investor demand
Serag noted that the issuance attracted strong demand from investors and financial institutions.
As a result, subscription coverage exceeded 1.70 times the issuance value. Therefore, the transaction reflects confidence in the company’s financial performance and growth prospects.
He added that the leasing and factoring portfolio exceeded EGP 8.5bn. Moreover, the portfolio grew by 45% during 2025. It also achieved an additional growth of 15% since the beginning of 2026.
Strong financial performance
Serag said shareholders increased the company’s capital by EGP 400mn. In addition, the company achieved net profit growth of 184% during 2025.
Furthermore, it secured new credit facilities worth EGP 5bn from leading banks and financial institutions. Consequently, the company enhanced business volumes and diversified revenue streams.
CI Capital reinforces market leadership
Amr Helal, CEO of CI Capital’s Investment Bank (Sell-Side), said the issuance marks a new milestone in cooperation with Al Oula.
He added that the transaction reinforces CI Capital’s position in providing innovative financing solutions.
Meanwhile, Mohamed Abbas, Managing Director and Head of Debt Capital Markets at CI Capital, highlighted the importance of debt capital market instruments.
He stressed that strong investor demand reflects the depth of Egypt’s securitization market.
CI Capital acted as Sole Financial Advisor, Issuance Manager, Bookrunner and Lead Arranger.
Meanwhile, Baker Tilly served as the auditor of the issuance. Barakat, Maher & Partners in association with Clyde & Co acted as legal advisor.
