Arab Finance: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has signed a leasing and factoring agreement worth EGP 400 million with Madkour Group, as per a disclosure.

The agreement covers a sale and leaseback arrangement for Madkour Group's administrative unit assets at Zizinia project in New Cairo for EGP 300 million.

This is in addition to EGP100 million in factoring to support the group’s working capital needs and boost its projects across the country.

“This agreement underscores our strategic approach to delivering customized financial solutions that empower companies across diverse sectors to drive their expansion plans,” Amir Ghannam, CEO of Beltone Leasing and Factoring, commented.

“This is a significant step forward for Madkour Group, strengthening our financial position and enabling us to pursue new growth plans in various markets,” Mostafa Madkour, Chairman and CEO of Madkour Group, stated.

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