The Clap
Saeed Zaatar, CEO of Contact Financial Holding, said the company plans to grow its financing capital to customers by 70% by the end of 2023.
What
The company also intends to enter some Gulf markets like the UAE or KSA during 2023, following its success in establishing a presence in the Kenyan market.
So What
Despite the continuous increase in interest rates, the company offers consumer financing at lower interest rates, ranging between 16%-17%.
Now What
Contact is expected to soon sign a partnership with one of the European car agencies in Egypt, to provide financing services to car buyers.
