Al Tawfeek for Financial Lease ( AT Lease)

What Al Tawfeek for Financial Lease ( AT Lease) does

Al Tawfeek for Financial Lease (A.T.LEASE) is an Egyptian non-bank financial services company founded in 1969 and publicly listed on the EGX under ticker ATLC. The company operates as a niche player in Egypt's regulated non-bank financial sector, offering a three-product platform: financial leasing (equipment, vehicles, and machinery under 3–7 year contracts), accounts-receivable factoring, and real-estate mortgage financing. Its primary customer segment is local Egyptian SMEs, differentiating from larger bank-affiliated leasing competitors that target corporate accounts.

The company generates revenue through recurring lease payments across medium-term contracts, residual asset sales, factoring fees, and mortgage interest income. It has additionally built a capital markets funding capability through six completed asset-backed securitization issuances (First through Fifth plus the SPV1-P1 program), with the most recent funding rounds in December 2024 (~$29.1M) and December 2025 (~$38.9M, led by Attijariwafa bank) bringing in Al Ahly Pharos and Attijariwafa bank as participants. Headcount is reported at 51–100 employees.

The business model is sales-led direct origination: a field sales team acquires SME lessees in Egypt, assets are booked on balance sheet, and lease receivables are periodically refinanced via securitization SPVs. No proprietary technology stack, AI/ML capabilities, or digital channels are disclosed; distribution is exclusively domestic (single-country, Egypt), with investor relations and corporate communications supported through a bilingual (Arabic/English) corporate website.

Name

Al Tawfeek for Financial Lease ( AT Lease)

Legal name

A.T.LEASE

Website

https://at-lease.com

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

51–100 employees

Short description

Al Tawfeek for Financial Lease (A.T.LEASE) is a publicly listed Egyptian non-bank financial services company founded in 1969, providing Shariah-compliant leasing, factoring, mortgage, and securitization products to local SMEs.

Ownership category

akta.pro rank

Product category

Non-Bank Financial Services / Leasing

NAICS

Commercial and Industrial Machinery and Equipment Rental and Leasing (5324)

SIC

Finance Lessors (6172)

akta.pro primary industry

Lease Servicing, Management & Remarketing (Consumer) (FSAKANAL)

akta.pro secondary industry

Corporate/Enterprise Car Leasing (Closed-End/Open-End) (TLABAAAA)

Keywords

• Equipment leasing services
• Financial leasing
• Invoice factoring
• Mortgage financing
• Securitization programs

Headquarters

HQ city

Gîza

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Financial Leasing: The company generates primary revenue through medium-term lease contracts spanning three to seven years, providing equipment, vehicles, and machinery leasing services to businesses in Egypt's non-bank financial sector. Additional revenue is generated from residual asset sales.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Al Tawfeek for Financial Lease (AT Lease) is an Egyptian non-bank financial services company that provides financial leasing, factoring, and mortgage financing to local SMEs. The company also operates securitization programs (six issuances to date) and structures Shariah-compliant medium-term lease contracts primarily for Egyptian small and medium enterprises.

Product overview

Al Tawfeek for Financial Lease (A.T.LEASE) is an Egyptian non-bank financial services company operating as a niche player in Egypt's leasing sector. The company offers a unified portfolio of three core financial products: Leasing Services (for equipment, vehicles, and machinery with 3-7 year contracts), Factoring Services (accounts receivable management), and Mortgage Services (real estate financing). Additionally, the company operates Securitization Programs, having completed six asset-backed securities issuances through Special Purpose Vehicles (SPV1-P1 through Fifth Securitization), enabling capital market access and funding diversification. The company primarily serves local SMEs competing against larger bank-affiliated leasing firms.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Leasing
• Factoring Services
• Mortgage Financing

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Emerging players

• MNT-Halan: Egyptian fintech providing consumer and SME lending, payments, and financial services. Comparable in serving underbanked Egyptian SMEs and consumers with credit products, though distributed digitally rather than through traditional lease structures.

Regional players

• Mashreq Al-Islami: Islamic banking window of Mashreqbank (UAE), offering Shariah-compliant financing, leasing, and trade finance. Comparable in serving regional business customers with Shariah-compliant financial products across MENA.
• Al Rajhi Bank: Largest Islamic bank in Saudi Arabia, offering Shariah-compliant financing including leasing and equipment finance. Comparable as a Shariah-compliant finance provider in MENA, though much larger and operating in a different geography.
• Abu Dhabi Islamic Bank (ADIB): Leading UAE-based Islamic bank offering Shariah-compliant financing including commercial finance and equipment leasing. Comparable as a Shariah-compliant MENA finance provider serving business customers, with different geographic focus.

Others

• Beltone Financial Holding: Egyptian financial services holding company with investment banking, brokerage, and asset management. Comparable as a domestic listed Egyptian financial services peer, though with a different product mix and no direct leasing focus.

Direct peers

• CI Capital Holding: Egyptian financial services group offering investment banking, leasing, and consumer finance. Comparable in providing leasing products to Egyptian SMEs through a multi-product platform under a publicly listed parent.
• Contact Financial Holding: Egyptian non-bank financial services group (formerly Sarwa Capital) offering leasing, consumer finance, and SME lending products. Directly comparable as a domestic non-bank lessor serving similar Egyptian SME and consumer segments with a multi-product platform.
• GB Corp (GB Auto): Leading Egyptian automotive assembler, distributor, and financing platform. Comparable in providing vehicle financing/leasing to Egyptian businesses and consumers, with overlapping customer base in transport and equipment finance.

Broad incumbents

• Emirates NBD: Major UAE banking group with corporate banking, equipment financing, and Islamic banking subsidiaries. Comparable in providing equipment and asset financing to regional business customers, though as a much larger diversified bank.
• EFG Finance Holding: Egyptian financial services group with leasing and factoring subsidiaries as part of a broader investment bank platform. Comparable non-bank leasing and factoring products, but with significantly larger balance sheet and broader product suite.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Al Tawfeek for Financial Lease ( AT Lease)