iScore Renews Leadership, Approves Capital Increase to EGP 1.35 Billion to Support Growth Strategy
The Egyptian Credit Bureau (iScore) held its Ordinary and Extraordinary General Assembly meetings, during which shareholders renewed confidence in Mohamed Karim as Chief Executive Officer and Managing Director, and Eng. Sionara El Asmar as Deputy CEO and Managing Director, for a new three-year term.
The General Assembly also approved the company’s Board of Directors and financial statements for the fiscal year ending December 2025.
The leadership renewal reflects iScore’s strong financial and operational performance over the past period, 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 developing innovative digital solutions that support decision-making across financial institutions.
During the Extraordinary General Assembly, shareholders approved a 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, alongside amendments to Articles (6) and (7) of the company’s bylaws.
This step aims to support the company’s expansion plans and strengthen its capital base, enabling iScore to continue its vital role in advancing digital transformation and financial inclusion. The move will also support the expansion of its data infrastructure and the introduction of advanced services targeting new customer segments, improving access to finance and enhancing market efficiency.
The executive management affirmed its commitment to continuing investments in advanced technologies and analytics, as well as strengthening strategic partnerships, to sustain growth and reinforce its position as a provider of data-driven financial solutions.