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.