Souhoola closes EGP 883M securitization issuance
· Egyptian market news · ARAB
BM Consumer Finance (Souhoola) has completed its third securitization bond issuance under its financing program, with a total value of EGP 883 million, backed by an assigned portfolio worth EGP 1.05 billion, according to a press release.
The transaction supports the company’s efforts to diversify its funding sources, strengthen its capacity to finance business growth, and meet the evolving needs of its customers.
The offering includes two issues, with the first tranche valued at EGP 700 million. It carries a 12-month tenor, with a Prime 1 rating from Middle East Ratings and Investor Services (MERIS).
Valued at EGP 183 million, the second tranche has a 22-month maturity and received an A- rating.
The third issuance is part of Souhoola’s strategy to leverage capital market instruments to build a diversified funding base, support portfolio growth and business expansion, and provide flexible financing solutions to its expanding customer base.
Ahmed El-Shanawany, CEO of Souhoola, said: “The completion of our third issuance marks an important milestone in Souhoola’s growth journey and reflects our ability to leverage different financing instruments to support our expansion plans and strengthen our capacity to meet our customers’ needs.”
Fady Elias, Chief Financial Officer at Souhoola, commented: “We view diversifying our funding sources as a key element of our growth strategy, as it provides greater capacity to continue expanding while maintaining a balanced funding structure that supports our long-term objectives.
Eliad added: “The strong credit ratings assigned to the issuance tranches also reflect the quality of the portfolio and the level of confidence in Souhoola’s business model, supporting our commitment to further strengthening our presence in Egypt’s consumer finance market.”
It is worth noting that CI Capital and Al Ahly Pharos served as the financial advisors, arrangers, coordinators, issuance managers, and bookrunners for the transaction. Meanwhile, Baker Tilly acted as the financial auditor, whereas Matouk Bassiouny & Hennawy was the legal advisor for the issuance.
In December 2025, Souhoola completed a securitization bond issue totaling EGP 585 million for CI Capital, with the transferred portfolio valued at EGP 732 million.