Manufacturer · Egypt
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.