Contact Financial Holding, the leading non-banking financial services company, and Global Auto Group, the official dealer for BMW and MINI in Egypt, announced the establishment of a new consumer finance company to provide financing services to BMW and MINI customers in Egypt, as part of Global Auto's new strategy to meet all the needs of its customers and provide all services under one roof.

In addition, Global Auto Group customers can exclusively benefit from the comprehensive insurance programs and services provided by Contact Insurance Brokerage, at competitive rates and in simple procedures, with the presence of Contact representatives in the nearest Global Auto showrooms and service centers to facilitate the procedures for obtaining various insurance programs for BMW and MINI customers. And meet all their needs and also respond to their inquiries, in addition to the availability of the same services in more than 69 branches of "Contact" throughout Egypt.

Old BMW and MINI owners will also be able to enjoy the new insurance solutions and programs offered by Global Auto in collaboration with Contact Insurance Brokerage, as long as their vehicles have valid insurance coverage from any other insurance company.

Mr. Saeed Zaatar, CEO of Contact Financial Holding, said: "We are proud of this strategic partnership with Global Auto Group, which reflects the confidence in our high-quality financing and insurance solutions in the Egyptian automotive market. The new consumer finance company offers exclusive and affordable financial solutions to customers of both luxury brands, which will undoubtedly ensure a hassle-free ownership experience that suits the needs of a wide range of customers, and we are also very pleased to take over all the insurance activities of Global Auto Group, and meet all the insurance needs of BMW and MINI customers immediately and at competitive prices to ensure that they enjoy driving their cars with confidence and trust because there is an insurance partner they can trust and rely on."

In a related context, Mr. Mohamed Kandil, CEO of Global Auto Group, commented: "I am delighted to announce the new partnership between Global Auto and Contact to provide all comprehensive car financing and insurance services to our loyal customers, which is part of our group's strategy that includes providing all automotive related services to our customers under one roof. Contact presence inside our showrooms and service centers distributed across the country will reflect into a high-end and distinctive ownership experience without hassle that enhances customer loyalty to our BMW and MINI luxury brands."