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Egypt’s Taamir Leasing seeks EGP2.5bln contracts by 2019-end

Egypt’s Taamir Leasing seeks EGP2.5bln contracts by 2019-end

Cairo:  Taamir Leasing Co. – Al Oula has posted total leasing contracts of 1.9 billion Egyptian Pounds during the current period, seeking to reach 2.5 billion pounds by the end of the current year, the company CEO Haitham Serag told Amwal Al Ghad.

Serag further noted that real estate sector is capturing the lion share of the total leasing contracts portfolio. In addition, the company seeks to increase both commercial and industry sectors in favour of the real estate sector.

Al Oula is a group of 3 companies: Al Taamir Mortgage Company-Al Oula, Al Taamir Leasing Company- Al Oula, Al Taamir Real Estate Investment Company – Al Oula.

Due to its high paid up capital of 400 million Egyptian pounds and its success, it has recently expanded by adding two fully owned companies: the first is Eltaamir leasing Company with a paid up capital of 50 million pounds and the second is a Real Estate Investment Company with a paid up capital of 25 million pounds and investments of 60 million pounds in 3 projects.

The Three Companies work together with the objective to provide comprehensive financial solutions in particular to the Real Estate market and to the market at large with the leasing company working with corporates and the mortgage working with the retail. Source: Amwal Al Ghad

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