Leasing benefits

   After issuing leasing act number 95 of 1995 which was amended by law No. 16 of 2001, gives the leasing various advantages, including the following:

   • Tax savings: The leasing commitment is out of the balance sheet.
   • Accounting simplicity.
   • Cash flow increase.
   • Saves equities and improve ROE.
   • Lower life cycle cost.
   • Less risk in uncertain economic times.
   • At the end of the contract lessee can buy the equipment for the residual value
     mentioned in the contract (ranging 1EGP up to 10% of the initial amount).