Al Ahly Pharos Advises on EGP 3.52bn Capital Securitization Issuance

Cairo 03 January 2026:

Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), announced the successful completion of its role as financial advisor, lead arranger, book-runner, and underwriter for Capital Securitization Company’s 4th securitization issuance under its 12th program, valued at EGP 3.52 billion. The issuance is secured by a receivables portfolio worth EGP 4.27 billion assigned by Tasaheel for Financing S.A.E.

The transaction was executed in cooperation with Al Ahly Pharos, the National Bank of Egypt, and Suez Canal Bank, who acted as underwriters, alongside a number of participating banks including Bank NXT, Housing and Development Bank, and Bank ABC. The National Bank of Egypt acted as the placement agent, while Suez Canal Bank served as custodian.

Matouk Bassiouny & Hennawy acted as legal advisor to the issuance, Baker Tilly (Mohamed Hilal & Wahid Abdelghaffar) served as the auditor, and MERIS – Middle East for Credit Rating and Investors Service – acted as the credit rating agency.

The bond issuance consists of two tranches. The first tranche amounts to EGP 1.845 billion with a tenor of 12 months and was assigned a P1 rating, while the second tranche totals EGP 1.675 billion with a tenor of 24 months and was rated A- by MERIS.
About Al Ahly Pharos Investment Banking S.A.E.

Al Ahly Pharos Investment Banking, part of the National Bank of Egypt Group, is one of the leading investment banks in the Egyptian capital market. The firm operates across Debt Capital Markets, Equity Capital Markets, and Mergers and Acquisitions, providing fully integrated financial services. Backed by the strength of the NBE Group, Al Ahly Pharos holds a leading position in investment banking, securities trading, research, and debt market activities, including securitization and sukuk.

In this context, on the other hand, there are many related sector news items that you can follow. For example, we highlight the most important ones in the following list:

• Al Ahly Pharos surpasses EGP 100 billion in Egypt’s debt capital market since 2022
• Al Ahly Pharos Successfully Concludes Advisory on Al Tawfeek for Securitization’s first Securitization Issuance of the Fourth Program Worth EGP 1.790 billion