Beltone Leasing adds factoring to lines of business

Updated 9/5/2023 10:14:00 AM
Beltone Leasing adds factoring to lines of business

Arab Finance: The Financial Regulatory Authority (FRA) has approved adding factoring to the services provided by Beltone Leasing Company, a subsidiary of Beltone Financial Holding, as per a disclosure on September 5th.

Accordingly, the company has become a fully-fledged alternative finance provider, with its name changed to Beltone Leasing and Factoring Company.

The move comes amid the medium and large-sized companies’ growing demand for financing, while reducing the related credit risk.

“Our target is to enrich the market by offering creative solutions to support businesses, factoring products are just the beginning,” Beltone Leasing and Factoring’s CEO Amir Ghannam.

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