CI Capital acts as lead arranger in major EGP 1.77bn issuance

CI Capital (CICH.CA), the leading diversified financial services group, announced the successful completion of a securitized bond issuance worth EGP 1.77 billion for El Taamir Securitization, where Al Taamir for Leasing and Factoring (Al Oula) acted as the originator and assignor of the portfolio.

CI Capital served as Sole Financial Advisor, Issuance Manager, Bookrunner, and Lead Arranger for the transaction, reinforcing its leading position in Egypt’s debt capital markets.

Transaction structure and tranches

The issuance was completed through three tranches with varying maturities and credit ratings, as follows:

First tranche: EGP 637 million, tenor of 25 months, rated AA+ by Middle East Ratings and Investor Services (MERIS).
Second tranche: EGP 422 million, tenor of 37 months, rated AA-.
Third tranche: EGP 712.85 million, tenor of 55 months, rated A-.

Strong investor demand and high subscription coverage

The transaction witnessed strong demand from investors and financial institutions, recording a subscription coverage ratio exceeding 1.70x of the total issuance size. This reflects strong confidence in the issuer’s credit profile, financial strength, and growth prospects within Egypt’s non-banking financial services sector.

Al Taamir: strong financial performance and expansion strategy

Haitham Serag, CEO of Al Taamir Leasing and Factoring, expressed satisfaction with the successful completion of the first issuance under the company’s securitization program, valued at EGP 1.77 billion, with a maturity of up to five years.

He noted that the proceeds will enhance the company’s financing capacity and support its expansion plans across multiple economic sectors, in line with growing demand for leasing and factoring services in Egypt.

He added that the company’s leasing and factoring portfolio exceeded EGP 8.5 billion, achieving 45% growth in 2025 compared to the previous year, and an additional 15% growth in 2026 year-to-date.

Serag also highlighted that net profit increased by 184% in 2025, supported by EGP 5 billion in new credit facilities from leading banks, strengthening liquidity, operational efficiency, and revenue diversification.

CI Capital: reinforcing leadership in debt capital markets

Amr Helal, CEO of Investment Bank (Sell-Side) at CI Capital, said the successful issuance represents another milestone in the long-standing partnership with Al Oula, further strengthening CI Capital’s position as a leading advisor in innovative financing solutions.

Mohamed Abbas, Managing Director and Head of Debt Capital Markets at CI Capital, added that strong investor appetite highlights the continued trust in securitization instruments as a key funding tool in Egypt, reflecting the depth and maturity of the local debt capital market.

Advisory and transaction team

CI Capital acted as Sole Financial Advisor, Issuance Manager, Bookrunner, and Lead Arranger for the transaction. Baker Tilly served as the financial auditor, while Barakat, Maher & Partners in association with Clyde & Co acted as legal advisor.

The successful completion of the issuance underscores CI Capital’s continued leadership in structuring and executing complex debt capital market transactions in Egypt.