{"id":602087,"date":"2019-03-18T04:04:29","date_gmt":"2019-03-18T04:04:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/at-lease-to-launch-new-factoring-and-smes-leasing-operations-before-year-end\/"},"modified":"2019-03-18T04:04:29","modified_gmt":"2019-03-18T04:04:29","slug":"at-lease-to-launch-new-factoring-and-smes-leasing-operations-before-year-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/at-lease-to-launch-new-factoring-and-smes-leasing-operations-before-year-end\/","title":{"rendered":"AT Lease to launch new factoring and SMEs leasing operations before year-end"},"content":{"rendered":"<p>Al Tawfeek Leasing (AT Lease) will launch before year-end factoring and SME-targeted leasing operations, <u><a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%A7%D9%84%D8%AA%D9%88%D9%81%D9%8A%D9%82%20%D8%A8%D9%8A%D8%A7%D9%86%20%D8%B5%D8%AD%D9%81%D9%89%2017-3-2019.pdf\">according to a press release (pdf)<\/a><\/u>. The company will relocate to larger headquarters as a prerequisite to obtaining the necessary licensing for the new activities, and in the process double its workforce. The company <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/04\/at-lease-considering-adding-factoring-business\/\">has been mulling<\/a><\/u> the expansion for nearly one year. We had also reported <u><a href=\"https:\/\/enterprise.press\/stories\/2019\/02\/21\/at-lease-seeking-egp-1-bn-of-financing-from-banks-this-year\/\">last month<\/a><\/u> that it is seeking EGP 1 bn in financing from banks this year to raise its available financing to EGP 4 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Al Tawfeek Leasing (AT Lease) will launch before year-end factoring and SME-targeted leasing operations, according to a press release (pdf). The company will relocate to larger headquarters as a prerequisite to obtaining the necessary licensing for the new activities, and in the process double its workforce. The company has been mulling the expansion for nearly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,72,595,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602087","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","tag-non-banking-financial-services","tag-smes","wpautop","entry"],"acf":{"mongo_id":"22c72963-5f76-42ad-8837-21abeee245ab","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602047],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AT Lease to launch new factoring and SMEs leasing operations before year-end - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/at-lease-to-launch-new-factoring-and-smes-leasing-operations-before-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AT Lease to launch new factoring and SMEs leasing operations before year-end\" \/>\n<meta property=\"og:description\" content=\"Al Tawfeek Leasing (AT Lease) will launch before year-end factoring and SME-targeted leasing operations, according to a press release (pdf). The company will relocate to larger headquarters as a prerequisite to obtaining the necessary licensing for the new activities, and in the process double its workforce. The company has been mulling the expansion for nearly [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/at-lease-to-launch-new-factoring-and-smes-leasing-operations-before-year-end\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-18T04:04:29+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/at-lease-to-launch-new-factoring-and-smes-leasing-operations-before-year-end\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/at-lease-to-launch-new-factoring-and-smes-leasing-operations-before-year-end\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AT Lease to launch new factoring and SMEs leasing operations before year-end\",\"datePublished\":\"2019-03-18T04:04:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/at-lease-to-launch-new-factoring-and-smes-leasing-operations-before-year-end\/\"},\"wordCount\":95,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\",\"non-banking financial services\",\"SMEs\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/at-lease-to-launch-new-factoring-and-smes-leasing-operations-before-year-end\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/18\/at-lease-to-launch-new-factoring-and-smes-leasing-operations-before-year-end\/\",\"name\":\"AT Lease to launch new factoring and SMEs leasing operations before year-end - 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The company had been planning to launch these services before the end of the year.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568735,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/02\/at-lease-obtains-factoring-license\/","url_meta":{"origin":602087,"position":1},"title":"AT Lease obtains factoring license","author":"enterpriseam admin","date":"2 February 2020","format":false,"excerpt":"AT Lease has received a final license to provide factoring services for SMEs, according to abourse disclosure (pdf). Tarek Fahmy had said last year the company planned to begin offering factoring and leasing services the first quarter of this year.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569259,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/18\/efg-is-looking-to-consolidate-its-leasing-and-factoring-arms\/","url_meta":{"origin":602087,"position":2},"title":"EFG is looking to consolidate its leasing and factoring arms","author":"enterpriseam admin","date":"18 February 2020","format":false,"excerpt":"EFG Hermes is looking to consolidate its leasing and factoring arms into one entity, EFG Hermes Leasing CEO Ahmed El Kholy tells the local press. The company\u2019s current financial leasing portfolio is worth some EGP 3.5 bn, 16% of which is focused on SMEs.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636104,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/al-tawfeek-leasing-to-begin-offering-three-new-financing-services-next-year\/","url_meta":{"origin":602087,"position":3},"title":"Al Tawfeek Leasing to begin offering three new financing services next year","author":"enterpriseam admin","date":"20 December 2017","format":false,"excerpt":"Al Tawfeek Leasing Co. (AT Lease) plans to begin offering leasing services for SMEs, structured financing services, and establishing a factoring arm next year, CEO Tarek Fahmy announced on Monday, Al Borsa reports. The company is also set to sign a EGP 100 mn credit line with an unnamed bank\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573599,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/11\/prime-holding-launches-subsidiary-prime-fintech-reduces-stake-in-at-lease\/","url_meta":{"origin":602087,"position":4},"title":"Prime Holding launches subsidiary Prime Fintech, reduces stake in AT Lease","author":"enterpriseam admin","date":"11 August 2020","format":false,"excerpt":"Prime Holding has launched a fintech subsidiary, Prime Fintech, according to a press release (pdf). The new company comes as part of Prime\u2019s wider plan to set up non-banking financial services subsidiaries. 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