News
Jaff Investment Acquisition Process
JAFF Investment Company executed a deal to acquire a 30% stake in Rawaj Consumer Finance Company and another 30% stake in UE Finance, a subsidiary of Arabia Investments Holding Company, through the OTC market, on the Egyptian Stock Exchange, during a session on Monday, 12/25/2023. Last November, the Board of Directors of Arabia Investments approved the fair value studies for the shares of Rawaj Consumer Finance and UE Finance, prepared by Eagle Financial Consulting, at 1.07 pounds per share and 304.42 pounds per share, respectively. The total value of the deal amounted to 147 million Egyptian pounds - the share of purchasing UE Finance shares alone amounted to 70 million Egyptian pounds.
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UE Finance managed a large syndication financing transaction worth 745 million for Al-Hazeq Group, one of the most profitable deals in the field of financial leasing among the leasing market in November 2023 with four financial leasing companies, as Cairo Leasing, AT Lease, ADI Finance, Aur Leasing.
Mr. Jamal Muharram
Member of the Board of Directors
It is with great Sorrow, UE Finance mourns the death of Mr. Jamal Muharram, who just passed away on January 17/1/2024 after a long struggle with illness, and his death was a great loss to the company due to the fruitful efforts the deceased made at all levels. The company will continue to remember all his efforts and remember him on the personal and practical levels in the long term and awaiting the appointment of a new board member as a replacement for the deceased.