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The General Assembly of the Egyptian Credit Bureau (iScore) convened its Ordinary and Extraordinary meetings today, approving the renewal of confidence in Mr. Mohamed Kouraim as Chief Executive Officer and Managing Director, alongside Ms. Sionara El Asmar as Deputy CEO and Managing Director, for a new three-year term.

The assembly also ratified the Board of Directors’ composition and approved the financial statements for the fiscal year ending December 2025.

The decision to renew leadership reflects iScore’s strong financial and operational performance in recent years, driven by a clear strategic vision and disciplined execution focused on expanding its business base and enhancing operational efficiency. The company has further strengthened its position as a key pillar in Egypt’s financial infrastructure, while advancing innovative digital solutions that support decision-making across financial institutions.

In its Extraordinary General Assembly, shareholders approved a significant capital increase, raising the authorized capital from EGP 750 million to EGP 2 billion, and the issued and paid-up capital from EGP 600 million to EGP 1.35 billion. The EGP 750 million increase will be financed through bonus shares distributed to shareholders.

The capital expansion aims to support the company’s growth strategy and reinforce its capital base, enabling iScore to further its role in driving digital transformation and financial inclusion. The move will also facilitate the expansion of its data ecosystem and the introduction of advanced services targeting new customer segments, ultimately improving access to finance and enhancing market efficiency.