MLF aims to double its portfolio to EGP 2 billion by the end of the year

April 5, 2021by MLF Finance

The non-banking financial services company “MLF” aims to double its portfolio to two billion pounds by the end of 2021, the company’s CEO, Ahmed Zahran, told Al Mal. Zahran added that the company completed the capital increase to double its ownership rights to 200 million pounds through a 40% issuance premium on old and new shareholders. Zahran established MLF nearly a year ago in partnership with businessman Sameh Sawiris and 5 other investors to provide Mortgage, Leasing, and Factoring services under the new mechanism issued by the Financial Supervisory Authority to allow non-bank financial services companies to provide such services under Uniform license