ArabFinance: International Company for Leasing (Incolease) (ICLE) will distribute EGP 2.5 per share, according to the company’s statement filed to the Egyptian Exchange.

Incolease’s ordinary general assembly approved a capital increase to EGP 400 million from EGP 200 million.

Incolease net profit went down to EGP 74.23 million in 2020, from EGP 92.67 million in 2019.

Incolease is an Egypt-based company engaged in the provision of customer service and personalized financial solutions.

The company leases a range of assets, including commercial vehicles, machinery, information technology equipment, production lines, real estate, and other tangible and intangible long-term assets.