Catalyst Leasing and Factoring, a subsidiary of Catalyst Partners Middle East, has successfully secured new banking facilities totaling EGP 600m from prominent lenders Abu Dhabi Commercial Bank – Egypt, Suez Canal Bank, and the National Bank of Egypt. The company aims to raise its total financing facilities to EGP 1.2bn by the end of the year.
Noha Youssef, Deputy CEO of Catalyst Leasing and Factoring, emphasized that the new funding underscores the confidence leading banks have in the company’s strategic capabilities and long-term business sustainability. “In a relatively short period, Catalyst has achieved significant milestones, establishing itself as a major player in Egypt’s non-banking financial services sector,” Youssef stated.
She added that these additional facilities will empower Catalyst to broaden its portfolio and diversify its range of innovative financing solutions, catering effectively to the needs of both large and medium-sized enterprises. This expansion is expected to enhance Catalyst’s competitiveness within the leasing and factoring markets and further solidify its role as a key contributor to Egypt’s national economy.
Youssef concluded by affirming Catalyst’s commitment to consolidating its market leadership and pursuing ambitious growth plans through the introduction of advanced financial products, paving the way for an unprecedented phase of expansion in the near future.
