Al Ahli Capital Acquires Majority Stake in Ezelis

Al Ahli Capital Holding, the private equity arm of the National Bank of Egypt (NBE), has announced that it has acquired additional 93.1 million shares (46.55%) of the capital of Ezelis from El Sewedy Capital Holding, taking its stake to 97.55 % in the company.

The latest acquisition enhances Al Ahli Capital’s ownership in Easy Lease’s capital with the aim of implementing a comprehensive strategy to develop the company’s financing portfolio and add new financing services.

NBE CEO Mohamed El-Etreby said that the supplementary acquisition between Ezelis shareholders came after Al Ahli Capital acquired 51% of Ezelis’ capital in April 2024, bringing Al Ahli Capital’s total stake in the company to 97.55%, and was successfully completed after obtaining all required institutional and regulatory approvals.

Al-Atrabi expressed his pride in enhancing Al-Ahli Capital’s investments in Ezelis, which reflects the company’s vision for the financial services sector in Egypt and its commitment to strengthening the non-banking financial services system.

The acquisition confirmed the company’s belief in the potential of the financial leasing sector and its important role in supporting businesses in various sectors, and also welcomed the increase in Al-Ahli Capital’s strategic ownership and support for the company in implementing the management’s vision to reach a comprehensive digital platform for corporate finance.

He lauded the management team and the quality and diversity of the company’s financing portfolio, which supports confidence in the company’s ability to achieve a prominent position in the non-banking financial services sector, especially in light of the company’s growth strategy that focuses specifically on expanding digital services through its new application.

Boosting Lending Activity

Al Ahli Capital’s Managing Director and CEO Karim Saada pointed out that this acquisition represents a major step in his company’s strategy to enhance lending activity within the group’s non-banking financial institutions system.

Ezelis’s management and strong infrastructure represent a solid foundation to drive sustainable growth and innovation in the financial leasing and factoring sector and many other financing products targeted by the company, he said.

He stressed the company’s management’s confidence that this step will open new horizons and enhance its position as a leading company in the financial services sector in Egypt, especially since the activity and size of the portfolio have expanded in a short period of the company’s life, not only in the field of financial leasing, but the factoring activity has been added during the current year, in addition to obtaining the approval of the Board of Directors to include the company’s real estate financing activity, which is scheduled to start in 2025.

He expressed confidence that Al Ahli Capital Holding will support the policy of diversification in the portfolio and support targeted expansions, not only through increasing the volume of financing, but also through a number of acquisitions that aim to maximize the company’s size and market share.

It may be mentioned that the company’s management is ready with a strong and clear plan for geographical expansion in line with Al Ahli Capital Holding’s ambitions to transform the company into a leading integrated financial institution.