The Palestinian Company for Rental & Leasing

We are the leading Palestinian financial institution offering leasing services to both local large companies and SMEs. PalLease has been primarily involved with larger corporate company car fleets and some large productive assets, such as copy centers. In 2006, PalLease became the first licensed leasing company to offer capital and operational leasing services within the Palestinian market. It was established as a subsidiary of the Palestinian Distribution and Logistics Services Company (Wassel). In order to properly drive its growth and raise needed capital, the shareholders spun off the company as a stand-alone, publicly traded company with its own independent governance structure and in 2011, Siraj Fund invested in 49% stake of the company. PalLease is well positioned for rapid growth, addressing a significant unsatisfied market demand in the SMEs sector.