Four leasing firms plan multi-million-pound loan for Egyptian property developer

A consortium of four Egyptian leasing firms is arranging a syndicating financing worth 450 million Egyptian pounds ($25.6 million) for a local property developer.

The financing will be directed for some construction works in the property developer’s various projects, a senior source from one of the leasing firms told Amwal Al Ghad on Tuesday.

The four leasing firms are International Company for Leasing (Incolease), A.T. LEASE, Taamir Leasing Co. – Al Oula, and the Arab African International Leasing.