Establishment, Capital and Board of Directors:

The Housing Bank for Trade and Finance established the Specialised Leasing Company as a private shareholding company on 30/5/2005. Its Paid-up capital is currently 20 Million Jordanian Dinars.

The current Board of Directors consists of the following members:

• Dr. Michel Marto                                              Chairman
• Mr. Omar Malhas                                              Chairman Deputy
• Mr. Mohamad Al Qaryouti                                Member
• Mr. Amjad Al-Sayeh (General Director)          Member

The Company’s Objectives for Providing Financial Leasing:

·          In order to fulfill the Bank’s mission of providing innovative financial services of a high quality keeping in line with the latest developments in banking and financial markets to cater for the clients’ needs.

·          Reinforce the various economic activities and encourage expansion and updating operations.

·          Develop the concept of financing and providing various alternatives for it.

Definition of Financial Leasing

It is a contractual agreement between the financial leasing company (Lessor) and the client (Lessee) by which the Lessee is entitled to benefit from the leased assets during a specified period of time against periodical installments agreed upon beforehand (leasing installments), provided that the ownership of the leased assets is transferred at the end of the contract’s duration to the lessee automatically, or against an already agreed upon amount with the “option to buy” the leased asset during the contract’s duration.

Assets that can be leased:

a.       For Individuals:

1.       Cars, please click here .

2.       Real Estate (house, apartment, land, office, shop)

3.       Medical equipment and others

b.       For Establishments and Companies

1.       Industrial Equipment and Machinery

2.       Medical Equipment and Supplies

3.       Office Equipment

4.       Various Means of Transportation

5.       Real Estate

6.       Other Assets

Who Benefits from Financial Leasing

This service is available to individuals, establishments and companies operating in Jordan and includes the following sectors:

·          Individuals Sector (Retail)

·          Transportation Sector

·          Industrial Sector

·          Medical Sector

·          Contracting Sector

·          Tourism Sector

·          Educational Sector

·          Communication Sector and other services

Advantages of Financial Leasing for the Client (Lessee):

·          Financing Percentage that reaches up to 100%.

·          Using the leased asset as a source of payment and a main guarantee.

·          Possibility of fixing the installment and return at a constant rate during the leasing period.

·          Fixed installments and rate of the leasing installment to be in proportion with the client’s (lessee) cash flow.

·          Duration of the leasing period to be in proportion with the production age of the leased asset.

·          Encouraging the continuous updating of assets to keep pace with technological developments.

·          Possibility of paying the sales tax with the leasing installments and its deduction.

·          Providing leasing alternatives for the lessee.

·          Please click here .

Methods of Choosing the Required Asset:

The Lessee chooses the supplier, specifications and details of the required asset for lease, and its purchase is negotiated according to the cash price.

Why should you choose the Specialised Leasing Company?

·          It is totally owned by the Housing Bank for Trade and Finance.

·          Specialised expertise.

·          Clear procedures and work mechanisms.

·          Competitive prices

·          Benefiting from early payment of installments

Tax Advantages:

The Lessee is entitled to depreciate the leased asset as well as to consider interest paid as expense.

Confidentiality

Information provided by the Lessee is totally confidential and shall not be viewed by any party that is not related to the financial leasing process.

Contacts

Company’s location : Saad Bin Abi Wakkas St. - Um Uthaina

Tel: 5521230

Fax: 5516615

P.O. Box: 1174, Amman: 11118

E-mail: SLC@hbtf.com.jo

Website: www.slcjo.com