By: Islam Fadl

Cairo – Mubasher: Global Lease Company has pumped EGP 1 billion finance into the Egyptian market during the first nine months of 2019, deputy CEO Hisham Abdul Fattah stated in an interview with Mubasher.

The company injected the amount in the real estate, industrial, commercial, services, and agricultural sectors, the top official said.

Abdul Fattah revealed that his company is in talks with three banks for loans valued between EGP 400 and EGP 500 million.

Global Lease received EGP 600 loans from January to September, he noted, adding that the company’s portfolio is expected to reach EGP 3.15 billion by the end of the year.

In a similar vein, Abdul Fattah said that the company is negotiating a loan ranged between $2.5 million and $5 million with Germany’s SANAD Fund, which will be invested in renewable energy.

Global Lease secured $5 million in finance from SANAD Fund at the beginning of the year, Abdul Fattah added.

As per the top official, the Egypt-based company is considering an EGP 140 million syndicated loan for real estate projects.

Translated by: Muhammad Abdul-Wakeel