Cooperhouse Finance announced the signing of a cooperation agreement with DITAK for Contracting and Trading to manage its financing needs and support upcoming expansion plans. This partnership aligns with Cooperhouse Finance’s role in providing integrated financing solutions and financial advisory services to corporate clients.
EGP 200 Million in Letters of Guarantee
Under the agreement, Cooperhouse Finance will arrange letters of guarantee for DITAK worth up to EGP 200 million. This financial support will enable DITAK to execute current and future projects while strengthening its financial and operational position in the Egyptian market.
Financial Advisory and Investment Opportunities
The agreement also positions Cooperhouse Finance as financial advisor to DITAK, tasked with preparing and presenting acquisition and foreign investment opportunities. These initiatives aim to enable DITAK to attract strategic investors either through equity stakes or capital increases, supporting the company’s expansion and increasing business volumes in the upcoming phase.
Strengthening Long-Term Partnerships
Dr. Khaled Naggaty, Chairman of Cooperhouse Finance, highlighted that the agreement reflects the mutual trust between both parties and underscores Cooperhouse Finance’s ability to deliver flexible financing solutions tailored to corporate needs. He noted the firm’s strong track record with DITAK, having previously arranged credit facilities approaching EGP 100 million, demonstrating the strength and continuity of the partnership.
Attracting Foreign Investments and Strategic Growth
Naggaty emphasized that Cooperhouse Finance is actively working to attract foreign investment for DITAK to support its ambitious expansion plans. He also noted the collaboration with McKinsey Financial Advisory, led by Dr. Medhat Seif, to prepare a fair value study for DITAK’s shares in preparation for a capital increase and the engagement of strategic foreign investors.
Commitment to Professional Excellence
Cooperhouse Finance remains committed to high standards of professionalism and effective financial advisory, leveraging McKinsey’s expertise and its own experience to ensure successful execution of the company’s growth strategy. The partnership aims to enhance DITAK’s competitiveness, facilitate new projects, and secure sustainable expansion in the Egyptian market.
