• January 28, 2026
Drive Finance Signs a Syndicated Credit Facility Agreement Worth 5 Billion EGP to Support the Expansion of Its Consumer Finance and Factoring Portfolios
In a new strategic move that reflects its leadership in auto financing in the Egyptian market and strengthens its financial position, Drive Finance, a subsidiary of GB Capital, announced the signing of a syndicated credit facility worth 5 billion Egyptian pounds. The facility forms part of the company’s strategy to diversify its funding sources and support its future expansion plans. This agreement represents the first syndicated loan ever granted to a company in the non-banking financial sector in Egypt, reinforcing Drive’s position as one of the most prominent players in the industry and strengthening its leadership in the market.
The new facility is dedicated to supporting the company’s auto financing activities within both its consumer finance and factoring portfolios. It is expected to significantly enhance Drive’s ability to expand its customer base, increase its geographic reach, and introduce innovative financial programs that address the evolving needs of the Egyptian market.
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28 Jan 2026