Contract notice: "acquisition of 29 new and new cars in a finance lease
for transport and water utilities.
Reuters) RIYADH: The General Authority for Zakat and Income Tax (GAZT) announced that all finance lease
contracts or lease contracts expired by acquisition and concluded before Jan.
There are now five criteria for determining if a lease is a finance lease
Benefiting from the robust income growth of its asset management, finance lease
and financial services businesses, the Group's turnover increased by 14.
Heliopolis Company for Housing and Development (HHD) signed a finance lease
on Thursday worth EGP 500m with Taamir Mortgage Company (Al Oula) to finance the work on utilities in the New Heliopolis City project.
Under either guidance, a lease is classified as a finance lease
if it meets at least one criterion listed for that guidance.
Net rental and finance lease
income, otherwise, fell 24% to QR511.
The transaction, which is structured as a 15-year, fixed coupon full-payout finance lease
, is the first ever Korean financing to be arranged covering the entire cost of a brand new A380 aircraft.
The third quarter results included lease rental and finance lease
revenues of USD180.
The cumulative finance lease
income of all leasing companies declined from Rs4.
A finance lease
is one that transfers substantially to the lessee all the risks and rewards associated with ownership.
COMAC Aircraft COMAC establishes finance lease
company for C919 sales.