Beltone Leasing and Factoring inks EGP 350 mn agreement with SEKEM
The agreement will include the sale and leaseback of SEKEM’s real estate assets
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The agreement will include the sale and leaseback of SEKEM’s real estate assets
The move follows a number of big agreements for Beltone Leasing and Factoring in the year since it rebranded
The agreements include an EGP 200 mn sale and leaseback agreement and an EGP 200 mn factoring agreement.
The value of leasing contracts jumped about 68% y-o-y to almost EGP 39 bn in 4Q
Mortgage financing fell almost 42% y-o-y during 3Q 2023
This marks Beltone’s first factoring agreement since obtaining its license in September
Companies have sold record volumes of asset-backed securities in 2023
The 10-year loan from CIB will help fund the construction of a USD 100 mn logistics park east of Cairo
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