Newsweek

An Egyptian success story goes internatio­nal

With investment heavyweigh­ts onboard, Globalcorp targets new markets for expansion

-

Globalcorp is enjoying a landmark year. Following offers from 25 internatio­nal investors, a consortium was selected that included the European Bank for Reconstruc­tion and Developmen­t, SPE Capital and private equity giant Amethis. Now, CEO Hatem Samir is hatching transforma­tive plans for the business: “Our goal for the future is to become a full-fledged finance house.”

Already a top-five player in the leasing and factoring market, Globalcorp recently secured its sixth license from Egypt’s financial regulator, and is evaluating locations for its first Gulf office.

Nonetheles­s, with SMES accounting for 30% of Globalcorp’s portfolio, Samir emphasizes the importance of social responsibi­lity: “I want our services to enable businesses to grow, hire more people, and enhance living conditions.” And as one of a select group of Egyptian non-bank financial institutio­n to offer stock options to employees, it is evident that value creation – for investors, talent and the wider community – is at the forefront of Globalcorp’s strategy.

Newspapers in English

Newspapers from United States