EGYPT —Drive Finance has finalized a short-term debt instrument valued at EGP 1.5 billion with a 13-month maturity cycle. The transaction is designed to expand the organization's funding mix and fortify its balance sheet to support broader operational activities. Drive Finance operates as a wholly owned subsidiary of GB Capital, which functions as the non-banking financial services arm of GB Corp. GB Corp S.A.E. is a prominent automotive manufacturer and non-bank financial services provider maintaining extensive regional operations across multiple vehicle segments and financial verticals.
This debt mobilization initiative enables the enterprise to tap into domestic debt capital markets to support ongoing liquidity requirements and core business segments. By securing alternative capital channels, the institution reduces its reliance on traditional banking credit lines, positioning itself to manage interest rate fluctuations more effectively while locking in short-term capital deployment.
Market participants across the non-banking financial sector, particularly providers of factoring and consumer lending solutions, face heightened capital costs amid shifting macroeconomic conditions. Debt issuances of this scale illustrate how specialized financial entities utilize capital market instruments to maintain liquidity velocity and support portfolio growth without straining internal cash reserves.
For institutional investors and market stakeholders, the successful closure points to sustained investor appetite for high-grade corporate debt instruments within the region. The transaction involved several advisory and verification partners, including CI Capital as the issuance manager and promoter, Matouk Bassiouny & Hennawy as legal counsel, Middle East Rating & Investors Service providing the credit assessment, and Baker Tilly acting as the issuance auditor. Such institutional participation underlines rigorous compliance and governance standards that reassure debt holders regarding asset quality and repayment capacity.
