Beltone Holding, through its subsidiary Beltone Leasing and Factoring, has signed a significant agreement with Madkour Group worth EGP 400 million, the company announced on Monday. The deal includes a sales and leaseback arrangement for Madkour’s administrative unit assets in New Cairo’s “Zizinia” project, valued at EGP 300 million, as well as EGP 100 million in factoring to support the group’s working capital and growth across Egypt. The agreement is seen as a strategic move to strengthen Madkour Group’s financial position and provide them with the resources necessary to pursue further expansion. This deal reflects Beltone’s commitment to offering financial solutions that empower businesses to grow. “This partnership underscores our strategic approach to delivering customized financial solutions,” said Amir Ghannam, CEO of Beltone Leasing and Factoring. Dr. Mostafa Madkour, Chairman and CEO of Madkour Group, welcomed the partnership. “This is a significant step forward for Madkour Group, strengthening our financial position and enabling us to pursue new growth plans in various markets,” Madkour said. Beltone Leasing and Factoring has established itself as the fastest-growing player in Egypt’s financial leasing and factoring market, completing numerous deals across industries such as healthcare,…
Beltone Leasing and Factoring Inks EGP 400 Million Deal with Madkour Group
September 23, 2024
