Tawsoa Factoring to Discuss Credit Facilities Agreement at Ordinary General Assembly
Tawsoa Factoring announced that the agenda of its Ordinary General Assembly, scheduled for Thursday, February 5, 2026, includes the discussion of a credit facilities agreement granting the company the right to borrow from Tawsoa Holding.
In a disclosure to the Egyptian Exchange (EGX), the company stated that the credit facilities will be implemented under fair and market-based terms, with an interest rate not exceeding the lowest borrowing rate obtained by Tawsoa Factoring from Egyptian banks at the same time. This approach ensures financial efficiency and full compliance with governance and transparency principles.
The company explained that the move aims to strengthen its ability to expand short-term financing facilities, support operational activities, enhance financial flexibility, and maximize the utilization of available investment opportunities in the coming period.
Tawsoa Factoring also reaffirmed its full compliance with all laws and regulations governing related-party transactions, with complete disclosure to shareholders and relevant regulatory authorities, in line with the requirements of the Financial Regulatory Authority (FRA) and the Egyptian Exchange.
The company noted that the value of the credit facilities has not yet been determined and will be set at a later stage based on operational needs and within the applicable regulatory framework.