Beltone’s arm inks club deal to provide EGP 600M financing for EHCS’s expansion
Updated 1/17/2024 9:38:00 AM
Arab Finance: Beltone Leasing and Factoring, a subsidiary of Beltone Financial Holding, has signed a sale and leaseback club deal with Cairo Leasing Corporation and Easy Lease to provide EGP 600 million in financing to Egyptians for Healthcare Services (EHCS), as per a press release on January 17th.
The deal aims to finance the remaining costs needed for the development of EHCS’s service center building and the land annexed to it as part of EHCS’s expansion plans.
“This collaboration reinforces our position as a trusted provider of innovative financing options and underscores our dedication to driving economic progress in Egypt,” Amir Ghannam, CEO of Beltone Leasing and Factoring, said.
“This collaboration will provide us with the necessary financial resources to complete the service building in the first phase of Capital Med, the first integrated smart healthcare city in the Middle East and support our mission of delivering exceptional healthcare services,” Chairman of EHCS Hassan El Kalla commented.
Related News
