Al Ahly Sabbour & Contact Credit signs a partnership agreement

Providing financing services for Platinum Sporting Club membership over 5 years installments

  
Al Ahly Sabbour Contact Credit signs a partnership agreement

Al Ahly Sabbour collaborates with Contact Credit to provide a special financial service to Platinum club membership to expand their services for the Egyptian consumer

Cairo: Al Ahly Sabbour & “Contact Credit”- leading developer in Egypt's real estate market & leading expert in comprehensive insurance coverage- signed a partnership agreement to provide financial & insurance services Platinum Sporting Club members in New Cairo. Al Ahly sabbour, with this unique collaboration, provides diverse financial & insurance services for their clients, which is uncommon for real estate developers, which demonstrates Al Ahly Sabbour commitments to its clients to provide all possible services & solutions. Eng. Ahmed Sabbour, CEO Al Ahly Sabbour and Mr. Said Zaatar, CEO Contact Financial Holding, signed this agreement in the presence of senior officials from both companies; the signing ceremony took place in Platinum Sporting Club, New Cairo.

Al Ahly Sabbour & Contact Credit provides a special financing service to facilitate membership to the club. According to the agreement, new members can pay the membership with installments that ranges between 3500-5000 EGP according to the duration of the installments.

The agreement meets both parties’ interests in providing their clients with the best diverse services they truly deserve. This is achieved through the financial and insurance services that the Contact Credit provides for Platinum Sporting Club members. Eng. Ahmed Sabbour said: “our collaboration with ‘Contact Credit’ marks a remarkable beginning for both companies. Our Club members are familiar with Contact Credit reputable services that would support us in meeting our Platinum Club members’ standards and expectation in regards to providing the best financial and insurance services. This is through providing the members with special affordable financial solutions. Our members and their families can enjoy practicing sports they are looking for in Platinum Sporting club with monthly installments of 3500-5000 EGP according to the installments' duration.”

On another front, Mr. Said Zaatar said: “it has been our excellence in developing the non-banking financial sector by providing alternative & sustainable solutions. This is through meeting our client’s financial needs with the upmost efficiency. Contact Credit has served the Egyptian market for over 20 years as it is the first to acquire a license to practice financial consumer activity.”

Zaatar added: “Al Ahly Sabbour is one of the leading real estate development companies with over 26 years of experience. Thus, this collaboration opens new financial & insurance-brokerage gateways for their clients. Providing Al Ahly Sabbour Platinum Sporting Club members with our services is the first stage of collabotion. Contact Credit looks forward to partner with Al Ahly Sabbour’s diverse projects.”

Sabbour stressed: “Al Ahly Sabbour is looking forward to the promising collaboration with Contact Credit. We believe that it will reinforce our clients trust in our continuous efforts to deliver the best services. This collaboration was made possible with our vision for Platinum Club New Cairo. We view Platinum Club as the ideal model for what Egyptian sport clubs should be. A club that creates the proper environment for various sports talents to shine. With Platinum Club, we aim to contribute in the nation’s vision to encourage practicing sports and raising a new generation fit to compete on an Olympic level that would give glory to Egypt’s name.” 

With “Have it all!” as their motto, Platinum Club is designed to lead not only the sports but also the social community in new Cairo and to become the top sports gateway. Platinum Club is the ­1st fully integrated recreational sporting club constructed over 28 acres of land in the heart of New Cairo. In addition to being located 12km from the Ring Road, 6km from Suez Road and Al Rehab city. Platinum Club was officially accessible to members on February of 2016. Platinum Club executes Al Ahly Sabbour’s vision in providing its members with a premium and professional destination to satisfy the diverse recreational, athletic and social needs.

Horseback riding or Equestrian, is one of the prominent sports that Platinum Club provides. As it’s the first equestrian academy in New Cairo, Platinum Club pays special attention by providing all the capabilities and resources that enables players to excel and enter world championships. That is in addition to a large number of specialized courts for squash, handball, basketball, gymnastics, martial arts, swimming pools, and football fields. Not only that, but Platinum Club is home to Real Madrid Technical School; priding itself at being the top football academy in Egypt. Platinum Club was able to leave a clear imprint for it among other international clubs, by hosting many international tournaments, including the Gymnastics Championship, which was hosted by the club during July 2021. The tournament proved the potential that was harnessed by Platinum Club with the proper guidance and capabilities provided by the club for the participants. It left a clear impression on how Platinum Club ensures the highest level of service that would befit Egypt's position around the world. On another note, the club has a wide range of swimming Olympic pools & running track, while providing a full range of medical and recreational services such as clinics, restaurants, cafes, children's areas, and parking spaces.

Contact Credit is the first specialized consumer financing company in Egypt. Set up as an independent, management, and employee-led initiative, the company has managed to secure equity financing from various sources since its inception, including banks, private equity firms, and individuals. Contact is known for best handling financial services that suits the needs of companies, businesses, and individuals. That's not all, Contact clients can access the company's services with ease through its state-of-the-art website, to help them choose the service that suits them the most.

“Al Ahly Sabbour” develops many projects that spread all over Egypt’s eye-catching landmarks; proudly serving 40,000 families. With 62 projects under its name, the various projects (residential, commercial, tourism, sport clubs, and social hubs). The total area is estimated to be 12 million m2. Such places include 6th of October, New Cairo, Mostakbal City, 5th Settlement, along with other exotic places in Egypt.

-Ends-

About Al Ahly Sabbour:

Al Ahly Sabbour is an Egyptian Joint Stock company established in 1994.  A leader in the real estate market Al Ahly Sabbour provides innovative building solutions that address the evolving needs of people and societies. Since its inception, Al Ahly Sabbour has established 12 companies under their management offering a diversified portfolio to best meet the needs of its growing customer base. Headquartered in New Cairo, Egypt, with 381 employees on board, the company has successfully completed 62 projects in 27 years, on an area that spreads over 12 million m2, hosting 40000 families in diverse fields including residential, retail, office buildings, touristic, social and sports clubs. For more information, please visit www.alahly.com 

About Contact Credit:

Contact Credit is a pioneer in consumer and structured financial services in Egypt. Operating since 2001, Contact adopts innovative approaches in extending its services, offering quality services with simple procedures and reaching a wide client base through its various subsidiaries, affiliates and partners. Contact offers market leading services including consumer financing for new and used passenger and commercial vehicles and an array of consumer durables through Contact Credit, home finishing through Contact Mortgages, as well as commercial finance through Contact Leasing and Contact Factoring. Contact operates in insurance through Sarwa Insurance and Sarwa Life Insurance. Contact also offers an array of corporate financing services including securitization, structured debt and debt investment management. Contact Capital Holding for Financial Investments SAE is authorized and regulated by the Financial Regulatory Authority (FRA).

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