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Al Tameer Mortgage Finance - Al Oula

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About

Al Tameer Mortgage Finance - Al Oula is an Egyptian financial institution that pioneered mortgage lending in Egypt by establishing itself as the sector's first company in August 2003 through a partnership of leading banking and government entities. The firm began actual financing operations in February 2004 with paid-up capital reaching 734 million Egyptian pounds, actively supporting low- to middle-income earners under the Central Bank of Egypt initiative since 2015 by funding over 7,000 clients exceeding one billion pounds.

  • History: Founded in August 2003 and commenced operations in February 2004 as the first mortgage finance company in Egypt through a banking and government alliance.
  • Customers: Serves low- to middle-income individuals who participated in the Central Bank of Egypt's initiative, with over 7,000 clients funded since 2015.
  • Operations: Holds paid-up capital of 734 million Egyptian pounds and manages a mortgage portfolio exceeding one billion Egyptian pounds as of September 2024.

The company continues to align its strategies with national vision to foster community development through accessible housing finance solutions.

Location
Egypt