Beltone inks sale and leaseback agreement with SEKEM: Beltone Holding subsidiary Beltone Leasing and Factoring has inked an EGP 350 mn sale and leaseback agreement with SEKEM Group, Beltone announced in a press release (pdf).

The details: The agreement will include the sale and leaseback of SEKEM’s real estate assets to help finance its working capital. The funds will help the organization expand operations as well as its financial capabilities.

SOUND SMART: A sale-leaseback agreement is a transaction in which a company sells an asset, such as real estate, to a buyer (generally a financial institution), and then immediately leases it back from the buyer. This allows the company to free up capital tied to the asset while still retaining use and operational control over it. This type of financial arrangement is often used by businesses to generate cashflow, reduce debt, or finance other business activities while maintaining the use of essential assets.

What they said: “Our collaboration with SEKEM Group reflects Beltone Leasing and Factoring’s vision of delivering tailored financial solutions that empower businesses to achieve their objectives. This agreement reinforces Beltone Group’s commitment to support the agriculture sectors in Egypt,” Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance at

Beltone Holding Amir Ghannam said.

What this means for SEKEM: “This partnership significantly enhances our financial capabilities, enabling us to support a diverse range of projects across multiple sectors,” SEKEM CEO Helmy Abouleish said. “Furthermore, it empowers SEKEM to accelerate our growth initiatives and drive innovation in our operations. Together, we are dedicated to promoting sustainable development and fostering innovative solutions that benefit our local community,”

Unfamiliar with SEKEM? EnterpriseAM spoke to Abouleish for last week’s Going Green.

Tags: