Beltone Leasing inks EGP 4B syndicated leasing term sheet with Al Qalaa Al Hamraa
Updated 2/11/2025 8:46:00 AM
Arab Finance: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, signed an EGP 4 billion syndicated leasing term sheet with Al Qalaa Al Hamraa, according to an emailed press release.
The agreement aims to facilitate financing the construction of Al Ahly Club’s stadium in Sheikh Zayed, known as the ‘Project of the Century.’
The project will include a world-class 42,000-seat stadium, an innovative sports hospital, a sports museum, a leading university, a specialized sports school, and a hotel.
Being one of the largest sports and entertainment developments in Egypt, the project will anchor the state's position on the global and regional sports stage.
Amir Ghannam, Deputy Head of NBFIs – Leasing, Factoring, and Consumer Finance at Beltone Leasing, commented: "Project of the Century is set to become a landmark in Egypt's sports infrastructure, redefining the nation’s sports investment landscape."
Mohamed Kamel, Chairman and CEO of Al Qalaa Al Hamraa, commented: “We are committed to establishing an inclusive sports city—an iconic destination that will serve as a premier hub for sports enthusiasts across Egypt.”
It is worth highlighting that Beltone Investment Banking acts as the exclusive financial advisor to Al Qalaa Al Hamraa in the development and capital raising for Al Ahly Club’s ‘Project of the Century’.
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