News

Taj Holding acquires Emirates NBD’s financial leasing subsidiary

Mostafa Khalil, the Chairperson of the Group International Construction Company, according to the acquisition deal, Taj Misr has become the first real estate development company in the New Administrative Capital (NAC) to own a financial leasing company.

February 2, 2022

"True Finance holds a grand celebration to launch its new brand, in the presence of two ministers

“True Finance Leasing” company held a major celebration to launch its new brand, “True Finance Lease”, in a hotel in the Fifth Settlement, on Saturday evening.

The ceremony was attended by the Minister of Parliamentary Affairs, Counselor Alaa El-Din Fouad, Minister of Youth and Sports Dr. Ashraf Sobhi, Member of Parliament Ahmed Fouad Abaza, First Undersecretary of the Arab Affairs Committee in Parliament, Dean of Representatives of Sharkia Governorate.

March 5, 2022

"True Finance is negotiating with banks to arrange facilities worth one billion pounds

“True Finance” company for financial leasing (formerly Emirates NBD Leasing) is close to obtaining one billion pounds in financing from banks, according to Mohamed Afifi, Chairman of the Board of Directors of the company.

March 12, 2022

500 million pounds, the value of the portfolio of financial leasing contracts with “True Finance” by the end of 2022

The company targets 300 million pounds in new financing in the first quarter of this year, a 130% increase in net profits.

Afifi: The company has fulfilled all the rules of financial control in terms of governance, sustainability and the appointment of professional cadres

February 12, 2023

“True Finance”, in cooperation with the private bank sector, finances a 400 million project for the industrial sector in 2024.

October 17, 2024

“True Finance” leads a financing coalition of 1.5 billion pounds for Talaat Moustafa Group to fund a portion of the Madinaty expansions.

June 28, 2025

True Finance and the Education Industry

Activities of True Finance for Leasing and Factoring’s sponsorship of the Annual Investment in Education Summit.