Founded in 2015, GlobalCorp is an Egyptian non-bank lender specializing in leasing and factoring solutions for corporate and small, medium and large enterprises.
The Company’s leased assets include production lines, equipment and machinery, vehicles and commercial/industrial real estate, while the factoring product portfolio covers a range of short-term financing solutions.
Since its inception, GlobalCorp has provided EGP13 billion ($715 million) of credit through more than 800 leasing and factoring agreements spanning more than 30 industries, with more than 25% of its portfolio aimed at small and medium-sized enterprises (SMEs) as well as green businesses. funding.
The company also organized Egypt’s first and largest factoring syndication and completed its first securitization at the end of 2021.
“The backing of leading international financial institutions is testament to GlobalCorp’s success and unique market profile. We have ambitious plans for the business and look forward to combining our strengths to create value for all of our stakeholders,” said Hatem Samir, CEO and Founder of GlobalCorp.
Adnane Zerhouni, Chief Investment Officer at Amethis, noted that the stock will contribute to financial inclusion in Egypt, adding that this is Amethis’ first investment in Egypt, which is now a central market for equity funds. his company.
For her part, the EBRD’s Managing Director for the Southern and Eastern Mediterranean region, Heike Harmgart, explained that such a transaction is the bank’s first capital investment in a financial institution in Egypt and its first partnership in the Egyptian leasing and factoring sector.
“This investment will help a leading financial company to provide financing to an important segment of the Egyptian economy, covering small and medium enterprises,” she further explained.