Al Ahly Capital boosts stake in Easy Lease to 97.55% in strategic acquisition
Deal News | Dec 30, 2024 | Zawya
Al Ahly Capital Holding, the investment arm of the National Bank of Egypt, has significantly increased its stake in Easy Lease to 97.55% by acquiring an additional 46.55% from El Sewedy Capital Holding. This strategic move aligns with Al Ahly's vision to diversify its investments in Egypt's non-banking financial services sector and to expand Easy Lease's financial portfolio. CEO Mohamed El Etreby and Managing Director Karim Saada emphasize the importance of the acquisition in enhancing Easy Lease's market leadership and its digital initiatives. The transaction, supported by legal and financial advisors Al Tamimi & Co. and Al Ahly Pharos respectively, aims to position Easy Lease as a leading integrated financial institution in Egypt, leveraging its management strength and innovation in leasing and factoring sectors.
Sectors
- Financial Services
Geography
- Egypt – The transaction occurs within Egypt, involving Egyptian companies Al Ahly Capital Holding and Easy Lease, focusing on expanding financial services in the Egyptian market.
Industry
- Financial Services – The article discusses Al Ahly Capital's acquisition of a significant stake in Easy Lease, highlighting growth and diversification in the financial services sector, particularly within non-banking services such as leasing and factoring.
Financials
- 97.55% – The total stake Al Ahly Capital now holds in Easy Lease after the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Al Ahly Capital Holding | Bidding Company | Companies | The investment arm of the National Bank of Egypt, now holding a 97.55% stake in Easy Lease. |
| Easy Lease | Target Company | Companies | A company specializing in financial leasing, now 97.55% owned by Al Ahly Capital. |
| El Sewedy Capital Holding | Selling Company | Companies | The previous holder of the 46.55% stake in Easy Lease acquired by Al Ahly Capital. |
| Al Tamimi & Co. | Legal Advisor | Companies | Provided legal advisory services for the transaction. |
| Al Ahly Pharos for Promotion and Underwriting | Financial Advisor | Companies | Served as the exclusive financial advisor for the transaction. |
| Al Ahly Pharos for Securities Brokerage | Broker | Companies | Acted as the exclusive broker for the transaction. |