Global Lease to borrow USD 10 mn from EU-based funds to diversify sources

Global Lease is planning to borrow USD 10 mn from two unnamed European lenders this year to diversify its financing sources, CEO Hatem Samir said, according to Al Mal. Global Lease previously secured USD 5 mn from the EBRD’s Green for Growth Fund to finance its projects in the renewable energy sector. The company will also soon launch Global Finance Company, an arm specialized in factoring services, Samir separately told the newspaper.