Governance
At ALC, we recognize that good governance is pivotal in helping the business to deliver its strategies whilst generating sustainable shareholders value in addition to meeting our obligations towards our shareholders and other stakeholders.
We adhere to the best governance practices by adopting and complying fully with the established rules and guidelines of the Egyptian Financial Regulatory Authority (FRA).
Our Shareholders
Al Ahly Leasing and Factoring Company “ALC” is a joint stock Company, established by the National Bank of Egypt (NBE) in June 2011 under the Law no. 159 of 1981 with an authorized capital of 500 Million Egyptian Pounds and issued Capital of 50 Million Egyptian Pounds. In August 2017, the paid-up capital was increased to reach 300 Million Egyptian pounds.
98.5%
National Bank of Egypt (NBE)
National Bank of Egypt (NBE) is the oldest, largest and most profitable commercial bank in Egypt. It was established in 1898.
NBE is always keen to deliver top-quality and cutting-edge banking services and products to its esteemed customers so that the Bank can maintain their precious confidence and continue its leadership in the local banking market.
In June 2011, ALC was established by NBE with a 98.5% stake.
1%
Al Ahly Mortgage
A subsidiary of National Bank it was established in 2010, offering long-term mortgage services. AL Ahly Mortgage currently has 1% ownership stake in ALC.
0.5%
Al Ahly Capital
Al Ahly Capital Holding is a joint-stock private equity firm established by the National Bank of Egypt (NBE) in June 2008 with an authorized capital of EGP 40.0Bn and issued capital of EGP 5.0Bn. Being NBE’s private equity arm, the company focuses on providing financing in areas in need for development such as infrastructure, real estate, healthcare, and others. AL Ahly Capital currently has 0.5% ownership stake in ALC.