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GlobalCorp launches “Ollin for Lifestyle Finance” in the Egyptian Market

GlobalCorp a leading non-banking financial institution in Egypt, announces the launch of its new B2C platform for lifestyle financing under the brand name ‘Ollin’. ‘Ollin’ will serve as a one stop shop and an ‘All-In’ platform for all the consumer financing needs. The company will provide installment programs covering auto loans, mortgage, home finishing, education...

Amethis, EBRD and SPE Capital acquire GlobalCorp, a leading non-bank financial player in Egypt

— This is a joint press release of Amethis, EBRD, SPE Capital and GlobalCorp. — A consortium of investors made up of Amethis, the European Bank for Reconstruction and Development (“EBRD”), and SPE AIF I, LP (“SPE Capital”) has acquired a majority stake of GlobalCorp for Financial Services S.A.E (“GlobalCorp”), a leading non-banking financial services...

GlobalCorp- Issues first Securitization Bond

GlobalCorp- Financial services a leading and fast-growing non-banking financial services institution based in Egypt is announcing its first securitized bond offering in the amount of EGP 985 million. The issuance is part of a larger securitization bond program worth EGP 5 bn set to be completed by 2023. The offering consists of three tranches with tenors...

GlobalCorp- Factoring secures its FCI membership

  GlobalCorp Factoring secures its membership for Factoring Chain International (FCI), a Global leading Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables, whose main aim is to support cross-border factoring activities through which its members cooperate as export and import factors. After launching its factoring activities for more than a...