{
Islam Ayoub

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Tasaheel raises 138 million dollars through sukuk to enhance financial inclusion

Tasaheel has successfully completed an EGP 7 billion (USD 138M) Modaraba sukuk issuance, aimed at enhancing financial inclusion for underserved businesses in Egypt. The sukuk, which has a 5-year maturity and received an “A” credit rating, will support Tasaheel's growth and its commitment to sustainable financial solutions. This initiative reflects a significant advancement in Egypt's non-bank financial sector, attracting strong investor interest with a subscription coverage ratio of 1.2 times.
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Egyptian Pound United States Dollar EGY Islam Ayoub
Finance & Economy, Press Release
11:28 27.02.2025
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