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FCI counts another Associate member in Egypt: GlobalCorp Factoring
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GCFS was established in 2015 as a leasing company, previously named “Global Leasing Company”, through a collaboration between Mr. Hatem Samir (a leasing industry veteran and CEO of GCFS), Wadi Degla Holding (an Egyptian real estate conglomerate), and SANAD Fund. In 2018, Ezdehar acquired Wadi Degla’s 60% stake

The company has developed into a key player in the NBFI sector in Egypt. Since establishment, it has grown its product portfolio to include leasing and factoring with plans to expand into auto-finance and potential to include mortgage financing.

GCFS serves a wide range of industries and clients, including corporates and SMEs through an offering that currently includes financial and operating leases, factoring and structured finance solutions. The company offers a range of factoring services to assist clients in improving their financial position and increasing their cash flow by transforming their accounts receivable into cash, offering access to fast cash transfer services, and facilitating international trade by handling collections on behalf of clients.