ORIX Leasing Egypt SAE (OLE), one of the first Lessors in the Arab Republic of Egypt, was formed as a joint venture between leading international institutions to provide medium term financing by way of equipment leasing. It was incorporated as an unlisted joint stock company under the Investment Law in June 1997 and commenced operations in October 1997. r>  bsp;

OLE'S business and market focus:

OLE focuses on medium and small ticket leasing. However, it serves large enterprises also. The Company places emphasis on building long-term relationships in all its dealings. It is a leading company providing medium term financing to small and medium-sized enterprises. This segment of the economy is expected to provide 90% of new employment opportunities and is therefore crucial to the development of the economy. OLE provides lease financing for up to five years at fixed cost. Assets leased include passenger cars, buses, commercial vehicles, plant, machinery,  office equipment and real estate.

A wide range of business sectors are served including manufacturing, food & beverage, pharmaceutical, transport, trading, distribution, engineering and services etc.

How does leasing work?


The prospective Lessee selects the equipment / vehicle, finds the supplier and negotiates the price because he knows his own business better than we do and understands his requirements. He then requests OLE for a lease facility by submitting the required legal documents and financial statements etc.




On receipt of basic information about the Lessee, OLE will make an offer covering the main conditions of the proposed contract. A satisfactory credit evaluation (carried out by OLE) is a main condition of this offer. The Lessee's acceptance of the offer will enable OLE to proceed with the evaluation.




The credit evaluation is based on information provided by the prospective Lessee about his financial and business affairs. All such information is received in strict confidence and will not be disclosed or released outside OLE. The amount of information needed is dependent on the value of financing required.




On approval of credit, the lease contract and other documents are signed, asset is insured from an approved insurance company and a security deposit is paid by the Lessee. On completion of all documentation formalities, a confirmed purchase order is issued to the selected supplier for delivery of the equipment to the Lessee on behalf of OLE.




Payment for the equipment will be made by OLE directly to the supplier once the equipment has been delivered to the Lessee and acknowledged to be in good working order.




OLE will normally finance 80 to 90% of the cost of the equipment, which means that the Lessee finances 10% from his own resources in the form of security deposit.




In return, OLE will charge a monthly/quarterly rent in advance for the period of contract, which will typically be three to five years. 




OLE requires the Lessee to be responsible for maintenance and insurance of the equipment. However, for the convenience of the Lessee, OLE can arrange the insurance and incorporate it in the rentals. This option is particularly popular for small and medium-sized contracts.




In case of vehicles, OLE staff extends full assistance for registration and renewal of the vehicle license at the traffic department. During the tenure of the lease, the title of the vehicle remains with ORIX as owner and the Lessee as user. After the successful completion of the contract, title is transferred to the Lessee or its nominee.




The equipment is the legal property of OLE when the contract is in force. However, the Lessee has the legal right to use the equipment without interference and OLE cannot take possession or control of it unless the Lessee is in material breach of the contact.


  Copyright © 2003 ORIX Leasing Egypt SAE.  All rights reserved.