Arab Finance: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, inked a sale and leaseback agreement with SEKEM Group at an amount of EGP 350 million, according to a press release.

The joint deal covers the sale and leaseback of real estate assets to finance the group’s working capital, enabling the organization to expand its operations and financial capabilities.

Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance at Beltone Holding, stated: "This agreement reinforces Beltone Group’s commitment to supporting the agriculture sectors in Egypt.”

Helmy Abouleish, CEO of SEKEM Group, added: “This partnership significantly enhances our financial capabilities, enabling us to support a diverse range of projects across multiple sectors.”

 “We are dedicated to promoting sustainable development and fostering innovative solutions that benefit our local community,” Abouleish mentioned.

Beltone Leasing recently unveiled its membership with FCI to anchor its position in the local and regional markets.

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