Cairo - Mubasher: The extraordinary general assembly of International Company for Leasing (Incolease) approved the launch of a multi-tranche issuance program valued at EGP 10 billion.
The fund will be raised over three years, with the first tranche capped at EGP 2 billion, according to a bourse filing.
During their meeting on 25 December 2025, the shareholders greenlighted increasing the company’s authorized capital to EGP 1 billion from EGP 500 million.
Meanwhile, the issued and paid-up capital will be raised to EGP 507.77 million from EGP 200 million.
Earlier this month, the equityholders of Palm Hills Developments Company approved entering into a financial lease deal with Incolease at a value of up to EGP 865.93 million.
