ArabFinance: CI Capital Holding for Financial Investments' greenfield consumer finance arm Souhoola targets EGP 300 million for consumer finance portfolio next year, Al-Mal News website cited Sohoola's Managing Director and CEO Hazem Madani.

Souhoola also targets expanding geographically in Suez, Ismailia, Port Said and southern Upper Egypt governorates, Madani said.

Souhoola is in talks with governmental bank to provide a credit line worth EGP 100 million to finance portfolio, Madani added.

Last September, Souhoola received the Financial Regulatory Authority license to operate under law 18/2020.

CI Capital announced that its leasing subsidiary, Corplease finalized its 10th securitized bond issuance of EGP 2.7 billion.

The diversified financial services group provides advisory on capital raising as well as mergers and acquisitions, in addition to asset management, securities brokerage, custody, and research through its investment banking platform.

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