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Metropolitan Egypt Consulting aims to increase its business to EGP 750m in 2019 - Daily News Egypt

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Metropolitan Egypt Consulting aims to increase its business to EGP 750m in 2019

Firm intends to open new branches, beginning with Alexandria, Assiut in Q1 of 2019

Metropolitan Egypt Consulting intends to increase its business size to EGP 750m in 2019, according to the firm’s Chairperson, Khaled Nagaty.

He said that the company plans to open several new branches, starting with Alexandria and Assiut governorates during the first quarter (Q1) of next year.

Nagaty noted that the company has signed about 18 contracts in 2018 in several sectors, including energy, industry, agriculture, and construction.

The most recent contracts were for the benefit of a large investment company working in the field of booking private aircrafts for businesspersons, in order to provide funding for the provision of aircraft to the company, taling into consideration that funding has been provided by one of the financial leasing companies worth $680,000, he pointed out.

Sherif Shawky, Metropolitan’s business development manager, said that his company is looking forward to financing its small and medium-sized enterprises (SMEs), as well as major corporates, through focusing on marketing the services and hiring a distinguished team of business development staff.

He explained that the company provides many services needed by customers, most notably financial leasing, financial factoring, and the correction of the credit files, and it is characterised by the rapid provision of funding in a period of no less than three months. The company also helps clients obtain initial approvals in only one month, in addition to dealing with all banks and financial leasing and factoring companies in Egypt, with the lowest interest rates and the simplest procedures.

The company recently held a training workshop for its employees in the framework of its enthusiasm to stay up-to-date with the latest developments in the financial and business market.

Metropolitan Egypt Consulting was founded in 2007 to provide a variety of financial and credit services to Egyptian SMEs and large companies. Its main area of operation is increasing the awareness of the owners of these projects of their services, as well as securing funding, whether through banks or other entities, in addition to financing acquisition and major projects.

Nagaty said he intends to run for the presidency of the International Federation of Small and Medium Enterprises which has been based in India for over 30 years. Nagaty served as vice president of this union from 2012 to 2015.

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