orix leasing egypt sae (ole)

ORIX Leasing Egypt SAE (OLE), one of the first Lessors in the Arab Republic of Egypt, was formed as a joint venture between leading international institutions to provide medium term financing by way of equipment leasing. It was incorporated as an unlisted joint stock company under the Investment Law in June 1997 and commenced operations in October 1997. OLE'S business and market focus: OLE focuses on medium and small ticket leasing. However, it serves large enterprises also. The Company places emphasis on building long-term relationships in all its dealings. It is a leading company providing medium term financing to small and medium-sized enterprises. This segment of the economy is expected to provide 90% of new employment opportunities and is therefore crucial to the development of the economy. OLE provides lease financing for up to five years at fixed cost. Assets leased include passenger cars, buses, commercial vehicles, plant, machinery, office equipment and real estate.