Al Ahly Pharos Investment Banking completes EGP 2bn securitisation for Incolease

Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt, has successfully completed a securitisation issuance valued at EGP 2bn for Incolease, marking the first issuance under Al Ahly Securitization Company’s ninth programme. The issuance is backed by a receivables portfolio worth EGP 2.86bn assigned by Incolease.