Cairo – Mubasher: Aman Holding, the business line of the listed Raya Holding For Financial Investments, has pumped immense investments totalling EGP 90 million in 2022, besides increasing its capital, CEO Hazem Moghazy stated.
“This contributed significantly to expanding Aman’s physical presence, technology, and financial services portfolio, achieving various business milestones,” Moghazy added during a recent press conference.
He noted: “In 2022, we launched AMAN Securitization, successfully securitising EGP 500 million through it.”
“We have also launched a savings service Aman Youm-B-Youm with a portfolio of over EGP 6 million, closing the year on becoming one of the first to introduce nano-finance and full-fledged Islamic finance in the Egyptian non-banking sector,” Moghazy added.
In the fourth quarter (Q4) of 2022, the firm inaugurated a specialised branch for Islamic finance that included services aligning with Sharia. It had total investments exceeding EGP 60 million, aiming to reach a portfolio of EGP 45 million by the end of the first year.
Moghazy further highlighted the company's commitment to its customers and its impact on the volume of business. The gross transaction value (GTV) of Aman Holding increased by about 50% on an annual basis to hit EGP 36 billion in 2022.
For his part, Mohamed Wahby, CEO - Products and Technology Aman Holding, said: “In 2022, Aman Holding launched the all-inclusive AMAN-SuperApp to integrate the services offered by all its arms including, e-payment, financial services, e-commerce, and even microfinance.”
Wahby noted: “The number of users on the app has witnessed a hike reaching 550,000 users, whereas and the value of transactions reached EGP 165 million.”
Future Plans
Aman Holding unveiled that its future plans will offer a more inclusive bundle of non-banking financial products, in a bid to endorse financial inclusion and cashless economy while boosting its contribution to empowering all customer segments; this aligns with Egypt's Vision 2030.
The CEO said: “We aim to reach a total GTV of EGP 56 billion by the end of 2023, as well as expanding into new markets, including Saudi Arabia and Nigeria.”
Moghazy added: “We also plan to launch Aman prepaid card, a safe digital money circle service through our network, AMAN Accept service, AMAN Banking Agent service along with developing a B2B supply chain.”
