AMAN Holding Reports EGP 6.4 Billion in 2024 Revenues and Increases Capital to EGP 2.065 Billion
AMAN Holding, a subsidiary of Raya Holding and Egypt’s most comprehensive fintech group, has announced its financial results for 2024 and Q1 2025, showcasing strong performance and continued momentum across all business verticals. This growth was driven by strategic geographic expansion, innovative technologies, and a commitment to delivering digital financial solutions tailored to a wide and growing customer base.
In line with its strategy for sustainable growth and bolstering its financial foundation, AMAN increased its capital to EGP 2.065 billion by the end of Q1 2025. The company posted revenues of EGP 6.4 billion for 2024—a 41% year-on-year increase—and EGP 1.7 billion for the first quarter of 2025.
AMAN also broadened its nationwide footprint, operating more than 458 branches across 27 governorates, underscoring its role in advancing financial inclusion and making services more accessible to diverse segments of the population.
Eng. Hazem Moghazi, Co-CEO of Business and Commercial Affairs at AMAN Holding, commented: “We are proud of the milestones AMAN has achieved, which reflect the flexibility of our business model and its responsiveness to market dynamics. The SME and microfinance segment was a key contributor, generating EGP 2.5 billion in revenues—an 83% increase over 2023—and reaching EGP 7.1 billion in total financing. Q1 2025 added another EGP 2.1 billion, bolstered by an expanding branch network of 212 locations. We also deepened our partnerships with prominent financial institutions including the Arab African International Bank, EG Bank, Bokra, and the Export Development Bank of Egypt.”
He added: “Our Islamic finance portfolio continues to grow, with more than 5,000 transactions worth over EGP 267 million in 2024, and 1,700 additional transactions totaling EGP 83 million in Q1 2025, across 19 branches. Consumer finance also posted strong results, with EGP 5.6 billion in issuances for 2024 and EGP 1.8 billion in Q1 2025. The number of consumer branches increased from 244 to 253, while customer growth reached 14% in 2024 and surged by a further 27% in the first three months of 2025. On the regional front, we signed a Memorandum of Understanding with Saudi Arabia’s Jarir Marketing Company and Almanea, two of the Kingdom’s leading electronics retailers. Our total credit facilities climbed from EGP 9 billion in 2024 to EGP 12 billion by the end of Q1 2025—evidence of rising demand and confidence in our offerings.”
Eng. Mohamed Wahby, Co-CEO of Products & Technology at AMAN Holding, added: “Our digital payments segment grew by 32% in 2024, reaching EGP 58 billion through 560 million transactions. The upward trend continued in Q1 2025, which saw 22% growth and EGP 17 billion in processed transactions across 145 million operations. Our nano-financing solutions supported more than 4,000 merchants during this period. The AMAN SuperApp also saw strong uptake, with 569,000 downloads in 2024 and another 151,000 in Q1 2025. Transactions conducted via the app surpassed EGP 1.2 billion, highlighting increasing customer reliance on our digital ecosystem.”
He further noted that AMAN continues to invest in digital infrastructure and cybersecurity in line with global best practices. The company has achieved internationally recognized certifications, including ISO 27001, ISO 27017, PCI PIN, and PCI DSS, and operates a 24/7 Security Operations Center (SOC) utilizing predictive analytics to preemptively detect and mitigate risks.
Regarding talent development, Wahby emphasized the company’s focus on building human capital: “Our team now exceeds 7,682 employees. Through AMAN Academy, we deliver tailored training programs and recently celebrated the graduation of our second Mini MBA cohort in partnership with Bloom Business School–FZC. These efforts are central to our vision for cultivating leadership and fostering continuous professional growth.”
AMAN also reaffirmed its social commitment by launching a partnership with the Embassy of the Netherlands in Egypt under the Challenge Fund for Youth Employment (CFYE) and Entreprenelle. The initiative aims to empower 21,000 youth and women in six governorates through microloans and entrepreneurship training. As part of the program, AMAN will hire and train 400 loan officers—70% of whom are women—and provide advanced training for over 165 senior staff and managers.
To support its liquidity strategy and strengthen its funding capabilities, AMAN completed a securitization issuance valued at EGP 4.8 billion in 2024—demonstrating both financial resilience and sustained investor trust.
AMAN Holding continues to deliver long-term value through strategic investments in digital transformation, inclusive finance, and human capital, reinforcing its role as a key driver of Egypt’s fintech ecosystem.