PC: arqam.news

Providing Financing and Insurance Services for Egyptians in the UAE

Contact Financial Holding is the leading provider of non-banking financial services in Egypt. It began the era of regional expansion into the United Arab Emirates through the opening of its first branch in Dubai and “Contact Credit” in the UAE. This represents strategic development by offering a huge number of financing and insurance services to Egyptians living within the UAE territory. One can finance any assets and achieve insurance in Egypt without having to travel.

Strategic Location at Business Bay, Dubai

The new office has opened in Dubai’s high-profile Business Bay area, the most vibrant pulse of major businesses and companies. This location reflects Contact’s commitment to delivering quality services from a strategic base right at the heart of the city. Business Bay aligns with Contact’s vision of international growth and its aim to elevate services to a global standard.

Official Opening Ceremony

Present to officially open the branch on September 9, 2024, were prominent figures that included Mr. Said Zater, Chief Executive Officer at Contact Financial Holding, along with His Excellency Dr. Hossam Hussein Ismail, the Consul General of Egypt in Dubai and the Northern Emirates. In addition, UAE officials graced the occasion with their presence, along with senior members from Contact’s management and prominent members within the Egyptian community here in the UAE. The event was widely covered by UAE media, marking the start of this very important milestone in enhancing Contact’s international presence.

Comprehensive Financial and Insurance Services

This Dubai branch will offer Egyptians residing in the UAE financing services for cars, home appliances, mortgages, home renovation, club membership, motorcycles, watercraft, green finance, interior design, and furniture; it also finances weddings and events, including religious pilgrimages such as the Hajj and Umrah.

In addition to financing, Contact offers insurance services via its subsidiary companies: “Contact Insurance Brokerage,” “Sarwa Insurance,” and “Sarwa Life,” which serve the different needs of its clients who wish to insure assets or services in Egypt.

Milestone of Main Strategic Importance to International Growth

Commenting on the expansion, Mr. Said Zater, Chief Executive Officer of Egyptian Saudi Finance Bank, drew attention to the significance of this international step: “The opening of our new branch in Dubai is a milestone in our strategy for supporting Egyptians abroad with the highest level of financial and insurance services. We are optimistic about the success of this initial step in our international growth.”

He also announced plans for further expansion: “Following our successful launch in Dubai, we intend to expand into other Arab countries, particularly within the GCC, and are also exploring opportunities in the European markets.”

Easier Access for Egyptians Living in the UAE

Among the biggest advantages of the new Dubai office is the ease it would confer on Egyptians living within the UAE. He underlined this when he said: “At Contact, we are always committed to being with our customers wherever they may be. Today, via our establishment in Dubai, Egyptians in the UAE can no longer waste time travelling back to Egypt to finance their cars or pay for school tuition for their children. We are here to make all of these things closer and easier. “

Limited Time Offer

Contact Financial Holding announced a special promotion for Egyptians living in the UAE, where the opening of its branch in Dubai offers, for a limited period of time, a 50% discount on all administrative fees to make financial and insurance services closer and easier for the people abroad.

This expansion into Dubai is another critical milestone in the journey of Contact Financial Holding into a leading global financial services provider.