About Leasing Finance

 

Why Tamweel Leasing Finance ?

Leasing finance is a very attractive business worldwide. It helps companies to keep a good cash flow that ensures liquidity. In Egypt, it is becoming a developing business as it attracts a broad sector of lessee.

Leasing finance is a very attractive business worldwide. It helps companies to keep a good cash flow that ensures liquidity. In Egypt, it is becoming a developing business as it attracts a broad sector of lessee.

The leasing law in Egypt was introduced in 1995 and governed by law 95 for 1995, which was amended by law 16 for 2001.

Leasing is a process by which a company can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments. Finance leasing of equipment, machinery, IT, cars, and real estate. For businesses, leasing property may have significant financial benefits as leasing is less capital-intensive than purchasing.

Tamweel leasing Finance was established in May 2009. Tamweel Leasing Finance provides a good service to its promising clients a sustainable medium to long term commitment to ensure that the process of leasing is done smoothly. Tamweel Leasing Finance helps companies by adopting a package customized to provide their service to suit their clients’ financial needs and tailored to their budgets. The leasing operation is processed as the lessor rents the property to the lessee during a certain period of time, after the timeline agreed on by both sides, the asset is returned to the lessee.

Our Vision

To be the largest Leasing finance provider in Egypt as well as the region, i.e., we have plans to grow internationally.

 

Our Mission

Clients
Tamweel mission is to become a highly competitive company of integrated Leasing services, locally and internationally, satisfying the needs of clients seeking international standards and commitment to time and quality.

Employees
Tamweel aims at creating an organization with culture that cares for the employees, promotes their performance and makes them feel different and proud.

Shareholders
Tamweel will maximize returned to shareholders while being mindful of our overall responsibilities.

Leasing benefits

Leasing benefits

After issuing leasing act number 95 of 1995 which was amended by law No. 16 of 2001, gives the leasing various advantages, including the following:

• Tax savings: The leasing commitment is out of the balance sheet.
• Accounting simplicity.
• Cash flow increase.
• Saves equities and improve ROE.
• Lower life cycle cost.
• Less risk in uncertain economic times.
• At the end of the contract lessee can buy the equipment for the residual value
mentioned in the contract (ranging 1EGP up to 10% of the initial amount).

Vission

• The term of the loan could be from 2 to 7 years.
• Tamweel can finance up to 80% of the assets real value.
• The title of the asset must be in Tamweel’s name.
• Leased assets must be free and clean from any mortgage liens.
• The lessee has the option to purchase the leased asset at the end of the term with 1
EGP, renew the lease agreement for another term or purchasing the asset during the
lease period by paying the net present value.
• The lessee must maintain an insurance policy on the leased asset in favor of Tamweel.

• Copy of authorized signatories ID.
• Recent commercial register (3 months).
• Copy of tax card.
• Audited financial statements for the past 3 years.
• Tax statement signed by a certified accountant.
• Projected financial statement for the next three years.
• Articles of incorporation.
• Relevant business licenses.

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