Dubai, UAE - As part of its ongoing strategy to stay one step ahead of the competition in the most advanced and diverse financial segment, MAF ORIX Finance PJSC, part of the Majid Al Futtaim Group of Companies, recently inaugurated its first branch at Sharjah City Centre, to offer a wide array of lease financing services to small and medium size companies in the region.

After its resounding success in Dubai, the launch of MAF ORIX Finance PJSC in the Northern Emirate has been the result of the Management's rapid evaluation for opportunities and making appropriate strategic decisions. The company is based on the driving principle that new value can be created only by raising the level of financial specialization for its existing and new customers, hence establishing its new branch in Sharjah.

"Local demand for leasing services has become particularly strong, as leasing comes to be seen as an attractive means of medium - and-long term financing," said Fumihiko Sato, Managing Director- MAF ORIX Finance PJSC. "Therefore, we have to focus on specific niches to leverage and enhance our accumulated expertise by anticipating market needs and creating new values for our customers as a specialist financial services provider."

MAF ORIX Finance PJSC has consistently been on the leading edge of financial innovation. In response to changes in the market environment and increasingly complex customer needs,

the company plans to offer diversified services to its customers in future. The new branch setup will cater the equipment financing needs of the Emirate's industrial and service sectors strengthening the growth of the country's economy as well as contributing to the society.

MAF ORIX Finance PJSC, established in 2002, is a joint venture between MAF Trust and ORIX Corporation. Being a specialized leasing company in the United Arab Emirates, the Company provides lease financing for Machinery; Equipment and Commercial Transportation of the Country's Industrial and Service sectors with particular emphasis on Small and Medium-sized enterprises.

-Ends-

MAF ORIX
MAF Trust is the majority shareholder of MAF ORIX Finance PJSC, which was established in 2002. MAF ORIX is a joint venture between MAF Trust and ORIX Corporation of Japan. As the first specialized leasing company in the United Arab Emirates, the company provides lease financing for machinery and equipment. MAF ORIX Finance PJSC meets the equipment financing needs of the Emirate's industrial and service sectors with particular emphasis on small and medium-sized enterprises. Apart from MAF ORIX operations, MAF Trust also has direct and indirect shareholdings in the regional ORIX franchise with presence in Saudi Arabia, Oman, Egypt and Pakistan.

© Press Release 2005

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