Tadbiir Group launches its non-banking financial services in Egyptian market

Tadbiir Group launches its non-banking financial services in Egyptian market

Egypt - Tadbiir for Leasing and Factoring has officially announced the launch of its non-banking financial services to better support the small and medium sized Enterprises (SMEs) operating in Egypt. Within the initial phase, the company launched both Leasing and Factoring services to help improve the financial environment for its customers in particular and society in general, in line with the Egyptian government’s strategic vision towards financial inclusion.

“Our customer-centric strategy is mainly designed with a concrete vision and clear objectives to serve and support small and medium-sized companies, which constitute the largest share of companies in the Industrial, Commercial & Service sectors in Egypt in terms of employment and productivity,” Ahmed Kamal Selim, Founder, CEO, and Board Member – Tadbiir for Leasing and Factoring, said as he expressed delight for the launch. “From this standpoint, we were driven on supporting the SMEs sector once we secured the Financial Regulatory Authority (FRA)’s approval to offer Leasing & Factoring services under Tadbiir with a paid-up Capital of EGP 100m. Tadbiir launched operations in Q4-2022 and successfully issued EGP 110m in loans since then.

Selim went on to say, “The launch of Tadbiir and its ambitious future expansion plan in the meantime reflects our