Cooperhouse Finance Arranges EGP 200 Million in Guarantees and Financing for DITAK

Cooperhouse Finance announced the signing of a cooperation agreement with DITAK for Contracting and Trading to arrange its financing needs and support its expansion plans in the coming period, as part of Cooperhouse’s role in providing integrated financing solutions and financial advisory services to corporates.

Under the agreement, Cooperhouse Finance will arrange letters of guarantee worth up to EGP 200 million for DITAK, supporting the company’s ability to execute its current and future projects, while strengthening its financial and operational position in the Egyptian market.

The agreement also includes Cooperhouse Finance acting as financial advisor to DITAK, by preparing and presenting acquisition opportunities and foreign investment options aimed at entering the company’s ownership structure, whether through acquiring an equity stake or via a capital increase. This comes in line with supporting the company’s expansion strategy and increasing business volumes in the next phase.

In this context, Dr. Khaled Naggaty, Chairman of Cooperhouse Finance, stated that the agreement reflects the mutual trust between both parties and highlights Cooperhouse’s ability to structure flexible financing solutions tailored to the nature of companies’ activities and their expansion needs.

He noted that Cooperhouse Finance has a strong track record with DITAK, having previously arranged credit facilities nearing EGP 100 million over recent years, reflecting the strength and continuity of the partnership between both sides.

Naggaty added that Cooperhouse Finance is currently working on attracting foreign investments for DITAK during the current year, in light of the company’s ambitious expansion plans and the resulting need for financing and guarantees to support new projects and enhance competitiveness.

He also pointed out that Cooperhouse Finance has signed a cooperation agreement with McKinsey, assigning the firm to prepare a fair value study for the company’s share, as part of the preparations for a capital increase and the attraction of strategic foreign investors.

Naggaty emphasized Cooperhouse Finance’s commitment to productive cooperation with McKinsey Financial Advisory, headed by Dr. Medhat Seif, noting that the firm applies the highest professional standards in its valuation studies and has extensive experience and a strong track record in this field.