Global Banking News-January 31, 2018--UAE central bank to regulate finance leasing
Exploring Market through Finance Leasing
and Value-added Services
During the signing ceremony on Thursday, Hassan Hussein, the chairperson of Al Oula, said that the financing will be made available under the finance leasing
system in coordination with Banque Misr.
Some top companies are focusing on agricultural leasing, while others are moving from long-term, low-risk finance leasing
to short-term, high-risk operating leases.
The Implementation Regulation of the Finance Leasing
Law sets forth the provisions related to the contracts of the finance leasing
is more long-term than operating leasing.
Abdulrahman Al-Barak, the Shoura Council amended at its 16th session of its 3rd year of its fifth round the finance leasing
system, registered real estate mortgage system and the stock market system.
for high-value equipment offers efficiencies that can contribute to economic growth and companies are starting to realise that they do not have to own their assets to benefit from the planning of strategic acquisitions.
The main attraction of operating or finance leasing
is that precious capital is reserved for expenditure closer to the company's core, without affecting the balance sheet.
Type of financing offered by the leasing companies include tax-oriented finance leasing
, short-term operating leases, leveraged leases, conditional sales agreements, off-balance sheet loans and tax-exempt leasing.
The Group further bolstered its finance leasing
business by completing the acquisition of Jiashi .
It changed its name to Sembawang Capital in June 1995 to reflect the wide range of products and services it provides, including finance leasing
, office and industrial equipment, as well as factoring, syndicated loans and the financing of engineering projects.