Ak Lease Signed EUR 25 Million Loan Agreement with Al Ahli Bank of Kuwait K.S.C.P.

Ak Lease signed a EUR 25 million loan agreement with the DIFC Branch of Al Ahli Bank of Kuwait. The facility, being the first direct loan provided by Al Ahli Bank of Kuwait to a leasing company in Türkiye, will be utilised to finance Ak Lease’s leasing investments.

Ak Lease has entered into significant collaboration as part of its strategy to diversify its international financing sources. The Company signed a EUR 25 million loan agreement with Al Ahli Bank of Kuwait K.S.C.P. (DIFC Branch). The facility, which will be used to finance Ak Lease’s leasing investments, stands out as the first direct loan provided by Al Ahli Bank of Kuwait to a leasing company in Türkiye.

“We continue to create added value for our customers by expanding our international collaborations”

Commenting on the agreement, Eser Okyay, General Manager of Ak Lease, stated: “This agreement with Al Ahli Bank of Kuwait forms an important part of Ak Lease’s strategy to diversify its international financing sources and further strengthen its balance sheet structure. This transaction, which marks the first direct loan provided by Al Ahli Bank of Kuwait to a leasing company in Türkiye, demonstrates Ak Lease’s strong reputation among international financial institutions, its financial resilience and its long-standing industry experience. Through the collaborations we have developed with global financial institutions, we are able to offer our customers longer-term, competitive and flexible financing solutions. This new facility will be used to provide leasing financing for our customers’ investment, capacity expansion, modernization and technology-driven projects. We consider channeling funds into investments that support the sustainable growth of the Turkish economy as one of our strategic priorities and continue to create added value for our customers by further strengthening our international collaborations.”

“We are pleased to conclude this loan agreement with Ak Lease as the lender of record”

Rami El Rifai, Senior Executive Officer/ General manager at Al Ahli Bank of Kuwait K.S.C.P. (DIFC Branch), stated, “We are pleased to conclude this loan agreement with Ak Lease as the lender of record. The transaction reflects ABK’s commitment to supporting key institutions across key international markets while further strengthening our cross-border banking activities.

This agreement with Ak Lease forms part of ABK’s broader international growth strategy in Türkiye and reinforces its commitment to building long-term relationships with leading financial institutions across the globe.”

About Al Ahli Bank of Kuwait

Established in 1967, Al Ahli Bank of Kuwait (ABK) is one of Kuwait’s leading banks, offering a wide range of products and services in personal and corporate banking through its “Simpler Banking” approach. ABK also provides comprehensive local, regional and global investment and wealth management solutions through ABK Wealth Management, a leading regional investment company offering wealth management and investment advisory services.

Maintaining its stability through strong management and a clear strategic approach, ABK continues to expand in Egypt and the United Arab Emirates. The Bank has 28 branches in Kuwait, 47 branches in Egypt, two full-service branches in Abu Dhabi and Dubai in the United Arab Emirates, and a wholesale banking branch in the DIFC. ABK is also the first Kuwaiti bank to open a branch in the country.