The issuance by Al Tameer Leasing and Factoring (Al Oula)
was structured into three tranches: the first tranche, valued at EGP 573.5
million with a maturity of 25 months, received a credit rating of AA+ from
Middle East Rating and Investors Service (MERIS).
The second tranche, worth EGP 462 million with a maturity of
37 months, was rated AA-, while the third tranche, amounting to EGP 263 million
with a 48-month maturity, was rated A.
Haitham Serag, CEO of Al Tameer Leasing and Factoring,
stated that the company’s portfolio currently stands at around EGP 7 billion,
with a target to reach EGP 8.5 billion by the end of the year. He noted that
the company concluded leasing and factoring contracts worth EGP 5.1 billion
during the first half of the year, 55% of which are concentrated in the real
estate sector. The company is also expanding syndicated financing contracts
worth EGP 850 million and increasing its capital to EGP 712 million to support
future growth plans.