Tamweel for Real Estate Finance secured the top position during the first half of the current year, according to the Financial Regulatory Authority’s report for the same period. This achievement continues the company’s leadership in Egypt’s real estate finance market. The company’s results, which confirmed its first-place ranking among real estate finance companies in 2019, were officially approved, and Tamweel maintained its market leadership through the end of the first half of 2020.

The company provided new financing worth EGP 283 million, capturing 25% of the market share among real estate finance companies.

Tamweel, specialized in real estate finance, announced a plan to expand in the Egyptian market and diversify its financing portfolio over the next five years, aiming to promote real estate finance culture across all social segments.

Last year, the company issued financing totaling approximately EGP 543 million, achieving a 62% growth in its financing portfolio, which reached EGP 1.195 billion compared to EGP 670 million in 2018. This made Tamweel the leader in real estate finance volume in the Egyptian market, with a 21% share of the total market financing. It was also the first real estate finance company to break the EGP 500 million barrier in a single year during 2019.

Mohamed El-Kahky, Managing Director of Tamweel for Real Estate Finance, stated that the company continues its plan to develop performance and increase its market share by offering diverse financing programs that suit various segments of society.

El-Kahky added that recently, the company began addressing the emerging challenges of the COVID-19 crisis by providing innovative digital solutions to facilitate access to financing services and by expanding its digital transformation and automation processes to make procedures easier for clients.

In this context, the company launched a website and a mobile application, becoming the first real estate finance company to fully implement a digital transformation and automate procedures, enabling remote access to financing transactions and services.

El-Kahky also emphasized that the company applies the latest administrative and technological standards and systems. It employs professional staff and diverse managerial expertise in fields such as sales, business development, marketing, credit, and other departments that have enabled it to adapt to changes, overcome the crisis, and turn it into new opportunities.