XPRESS AUTO Initiates Second MSI 20000 Certification Cycle with COFICERT

XPRESS AUTO, a prominent player in Egypt's automotive distribution industry, has embarked on its second MSI 20000 certification cycle with COFICERT. This move follows the success of its initial certification under the Swiss body SGS. The MSI 20000 standard, governed by the International Group for Sustainable Finance (IGSF), provides a framework for assessing financial solidity and performance.

The certification aims to reinforce XPRESS AUTO's dedication to international standards in financial management and transparency. It involves a thorough evaluation of financial strength and performance, acting as a reliable indicator for financial stakeholders. XPRESS AUTO has shown consistent financial improvement, with significant revenue growth and a robust financing structure.

According to Yassin El Sayyad, President of XPRESS AUTO, the renewed certification demonstrates the company's focus on responsible governance and financial strengthening. This initiative comes amidst transformative shifts in the automotive sector within Egypt and globally. The MSI 20000 certification enhances XPRESS AUTO's reputation and potentially influences other industry players.