ADIB Egypt to increase capital of ADILease to EGP100mln

Abu Dhabi Islamic Bank-Egypt, has received approval to increase the capital of ADILease Company for leasing, ADIB CEO Mohamed Aly.

He added on the side lines of a press conference that the bank aims to increase the capital of the subsudary by 50 million Egyptian pounds to reach 100 million pounds.

ADILease Company for leasing is an Egyptian joint stock company established in July 2010 as a subsidiary of Abu Dhabi Islamic Bank to provide Shari’a compliant leasing services.

ADILease provides financing solutions tailored to suit all types of business including small and medium enterprises (SMEs), commercial companies as well as large companies through the appropriate financial terms and conditions that match the financial models of such activities.