BM Consumer Finance ”Souhoola” Closes 883 Million EGP Third Securitization Issuance

Thursday 17 September 2026 09:04

BM Consumer Finance, operating under the brand "Souhoola," has successfully completed its third securitization bond issuance with a total value of 883 million EGP. Backed by an assigned receivables portfolio valued at 1.05 billion EGP, the transaction is a strategic move to diversify the company's funding sources, inject fresh liquidity into its operations, and expand its footprint in the Egyptian consumer finance market.

Issuance Structure and Ratings

The securitization bond was executed in two distinct tranches, receiving high-tier credit ratings from Middle East Rating & Investors Service (MERIS), which reflects the strong quality of Souhoola’s underlying portfolio:

TrancheValue (EGP)MaturityCredit Rating (MERIS)

Tranche A700 Million12 MonthsPrime 1 (Highest short-term rating)

Tranche B183 Million22 MonthsA-

Strategic Impact and Growth Strategy

Company executives highlighted the issuance as a pivotal step in Souhoola's long-term growth trajectory:

Financial Flexibility: Managing Director Ahmed El-Shanawany noted that the upsized issuance—compared to previous rounds—demonstrates robust portfolio growth and provides the necessary capital base to meet rising customer demand and advance financial inclusion initiatives.

Capital Structure: CFO Fadi Elias emphasized that tapping into debt capital markets is essential for maintaining a balanced funding structure. The successful securitization transforms the company’s existing consumer portfolios into immediate liquid capital, enabling continuous origination of new loans.

Key Advisors and Partners

The transaction was executed in collaboration with leading Egyptian financial and legal institutions:

Financial Advisors, Arrangers, & Lead Managers: CI Capital and Al Ahly Pharos.

Financial Auditor: Baker Tilly.

Legal Advisor: Matouk Bassiouny & Hennawy.