Arab Finance: Beltone Financial Holding announced that its wholly owned subsidiary Beltone Leasing and Factoring has inked an EGP 250 million sale and leaseback agreement with Kandil Glass, as per an emailed press release.
The deal aims to help Kandil finance operating capital and investment requirements to support its expansion plans.
The agreement entails the sale and leaseback of manufacturing lines and real estate assets owned by Kandil for five years.