The acquisition involves 93.1 million shares and reflects a bold strategy aimed at amplifying Easy Lease’s business volume and diversifying its financial services. The transaction was expertly advised by Al Ahly Pharos, which served as the exclusive financial advisor and broker, while Al Tamimi & Company provided legal counsel.
Karim Saada, Managing Director and CEO of Al Ahly Capital, highlighted the strategic importance of the acquisition. “Easy Lease’s strong management and infrastructure form the bedrock for sustainable growth and innovation. We are poised to leverage these strengths to expand our portfolio, not only in financial leasing but also in factoring and real estate financing,” Saada stated, emphasizing the company’s readiness to embark on geographical expansion.
The origins of Al Ahly Capital Holding are deeply rooted in the National Bank of Egypt’s storied history. Established as its investment arm, Al Ahly Capital has played a pivotal role in aligning the bank’s strategic investments with the broader economic goals of Egypt. The National Bank of Egypt itself is one of the oldest and most prestigious financial institutions in the region, founded in 1898, and has consistently driven socio-economic development across the country.
With this significant acquisition, Al Ahly Capital and Easy Lease are set to transform the financial services landscape in Egypt, delivering innovative solutions that meet the diverse needs of Egyptian society through both traditional and digital channels.
