Incolease completes EGP 2B securitization
Updated 3/24/2026 10:57:00 AM
Arab Finance: International Company for Leasing (Incolease) completed its first securitization for its leasing portfolio, valued at EGP 2 billion, on March 18th, 2026, as per a disclosure.
The transaction comes as part of the company’s strategy to diversify its funding sources and support its growth and expansion plans.
It also marks the first issuance under a multi-tranche securitization program with a total value of up to EGP 10 billion, to be implemented over three years.
The issuance was executed in collaboration with several financial and advisory institutions.
Al Ahly Pharos Investment Banking acted as financial advisor, Baker Tilly served as auditor, and Matouk Bassiouny & Hennawy provided legal counsel.
Middle East Ratings and Investors Service (MERIS) assigned credit ratings to the bonds and portfolio, while Commercial International Bank (CIB) acted as the issuing bank.
Several banks participated in the subscription, including Arab African International Bank (AAIB), National Bank of Egypt (NBE), Arab International Bank, Banque Misr, Al Baraka Bank, and Attijariwafa Bank.
The issuance was oversubscribed by 200%, indicating demand from participating financial institutions.
The company stated that the transaction supports its liquidity position and funding diversification, enabling it to expand its financing activities and offer solutions to its clients without affecting its financial position.
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