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Thursday, 14 February 2019

Global Lease in talks to increase financing portfolio by EGP 500 mn

Global Lease is in talks with four local banks, including Attijariwafa and United Bank, to increase its financing portfolio by EGP 500 mn over the next two months to reach a total of EGP 3.5 bn, said CEO Hatem Samir. The company has already secured a total of EGP 3 bn in loans from 14 banks to fund projects in various sectors, Samir said. The company also aims to tap international lenders to fund operations that require foreign currency, Samir said without specifying a timeframe. Global Lease is active in the real estate, construction, food and beverage and renewable energy sectors, among others.

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