Arab African Int’l Leasing ups paid-up capital to $12.5mn

The Arab African International Leasing (AAIL), affiliate of Arab African International Bank, has raised its paid-up capital for the third time to reach 100 million Egyptian pounds (US$12.5 million), its chairman Ali Shaker announced in a leasing conference Tuesday.

AAIL has also increased its authorised capital to 500 million pounds.

Shaker told Amwal Al Ghad, on the sidelines of the leasing conference kicked off Tuesday in Cairo that AAIL’s direct finances jumped to 400 million by the end of September 2015.

AAIL has recently arranged a syndicated finance worth 600 million pounds in cooperation with five other firms and one bank, Shaker added.

The official further said AAIL has managed to be one of the top ten in the Egyptian leasing sector.