Al Ahly Pharos, the investment banking arm of the National Bank of Egypt, has successfully advised and arranged a EGP 3.52 billion securitization deal for Capital Securitization Company. The issuance is backed by a EGP 4.27 billion portfolio from Tasaheel for Financing S.A.E. This transaction highlights the growing role of securitization in bolstering Egypt's financial liquidity.
Al Ahly Pharos, the investment banking arm of the National Bank of Egypt, has successfully served as financial advisor, transaction lead arranger, underwriter, and book-runner for the fourth securitization issuance under Capital Securitization Company's 12th program, valued at EGP 3.52 billion. The issuance is secured by a portfolio worth EGP 4.27 billion assigned by Tasaheel for Financing S.A.E.
The transaction involved underwriters including Al Ahly Pharos, the National Bank of Egypt, and Suez Canal Bank, with subscribing banks such as Bank NXT, Housing and Development Bank, and Bank ABC. The National Bank of Egypt acted as placement agent, while Suez Canal Bank served as custodian.
Legal advisory was provided by Matouk Bassiouny & Hennawy, auditing by BakerTilly (Mohamed Hilal & Wahid Abdelghaffar), and credit ratings were issued by MERIS (Middle East for Credit Rating and Investors Service).
The securitization comprises two tranches: the first valued at EGP 1.845 billion with a 12-month tenor, rated P1, and the second at EGP 1.675 billion with a 24-month tenor, rated A-.
Announced on January 4, 2026, the deal represents a significant milestone in Egypt's structured finance market, reinforcing securitization as a key tool to enhance liquidity, diversify funding sources, and support financial sector growth.