The Clap
Easy Lease, a subsidiary of El Sewedy Electric (SWDY), will increase its wallet by 4x to around EGP 5 billion by 2024.
The Deets
Easy Lease, the investing arm for the El Sewedy Electric Group, is looking to multiply its investing wallet by 4x over the next 2 years.
It aims to reach EGP 5 billion by 2024. They aim to have 70% of their funds put into large corporations while the other 30% to be in smaller companies. The current layout actually sees 78% of their funds in small companies.
Who is Easy Lease?
Easy Lease is one of the investing arms of El Sewedy Electric. They were founded in 2021 with a capital of EGP 50 million. That has since then doubled, and the capital invested is to reach EGP 200 million in the coming two years.
Easy Lease’s wallet to get bigger 💰
