A.T. Lease’s EGM nods to $2.5mln capital hike

Reuters/REUTERS

The capital increase amounts to EGP 121.345 million distributed over 48.538 million shares at a par value of EGP 2.50 per share

Staff Writer, Arab Finance

April 8, 2024

PHOTO

The extraordinary general meeting (EGM) of Al Tawfeek Leasing Company (A.T. Lease) approved the board’s proposal to increase the company’s issued and paid-up capital to EGP 558.674 million from EGP 437.329 million, according to a statement.

The capital increase amounts to EGP 121.345 million distributed over 48.538 million shares at a par value of EGP 2.50 per share.

Established in 2005, the company provides a variety of international innovative leasing solutions using the provisions of Islamic Shariaa and according to the best international standards.

The company offers its products under the categories of financial lease/capital, true lease, structured lease, and vendor lease.

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