Ibnsina Pharma has exited from the financial leasing contracts related to the land and machinery within the Shorouk building.

The Financial Regulatory Authority (FRA) licensed four companies to operate within non-banking financial business and investment fund activities.

The Central Bank of Egypt (CBE) has issued some regulations governing the financing provided by the banks to the financing leasing firms.

The non-banking financial sector is a fast-growing and promising market in Egypt. However, the sector has been dealing with great pressure recently after the multiple increases in interest rates. Overall, while the non-banking financial sector in Egypt faces challenges, it is also growing and showing promise. That is why Arab Finance interviewed Ahmed El Kholy, Managing Director at Easy Lease, one of the growing successes in the non-banking financial sector. He discussed the company’s tailored services, future plans, and financial achievements.

The company’s activities include developing, owning, managing, buying, and selling residential real estate properties, as well as land subdivision and touristic projects development such as resorts and hotels.