Cairo – Mubasher: Several companies listed on the Egyptian Exchange (EGX) are expected to benefit the most from the Central Bank of Egypt’s (CBE) decision to raise the debt burden ratio of retail portfolio to 50%.

The banking sector is forecast to be the top beneficiary of the new amendment, especially those “with a growing exposure to retail sector,” according to a report issued by MubasherTrade on Monday.

In addition, Ghabbour Auto (GB Auto) and other companies with subsidiaries working in consumer finance business or financial services sectors, including EFG Hermes, CI Capital Holding, Al Tawfeek for Financial Lease (AT Lease), and Sarwa Capital Holding for Financial Investments will also be among the top beneficiaries.

Moreover, the EGX-listed firms in the field of retail trade and distribution of consumer goods such as MM Group for Industry and International Trade will also benefit from raising the debt burden ratio.