Kareem El-Battouti, CEO of Tamweel Mortgage Finance, revealed that the company is negotiating new credit facilities valued at EGP 1.5 billion with four banks.
He told Amwal Al-Ghad that the company’s current credit facilities amount to approximately EGP 2 billion.
Regarding new bond issuance, El-Battouti stated that Tamweel intends to issue securitized bonds in Q3 2025 ranging between EGP 1.7 and 2 billion.
He added that the company aims to deploy EGP 3.2 billion in mortgage financing during 2025, with EGP 2.7 billion already disbursed in 2024.
The firm’s general assembly approved a capital increase from EGP 125 million to EGP 175 million (an additional EGP 50 million), and this has been officially recorded in the commercial registry.
Total equity rose to approximately EGP 666 million as of December 2024.
