The Clap
Banque Misr has announced the acquisition of Souhoola, a subsidiary of CI Capital.
Souhoola
Souhoola is a company that specializes in consumer finance. It operates in 11 different governorates and offers financing for household commodities and healthcare, as well as other products and services.
The Deets
Banque Misr explained in their statement that this acquisition is part of their expansion plan into non-banking financial services. It is also a plan to boost Souhoola and make it one of the largest consumer finance companies in Egypt.
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