Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has inked a joint agreement with SEKEM Group valued at EGP 350 million.
This partnership involves the sale and leaseback of real estate assets to finance SEKEM Group’s working capital needs, enabling the entity to expand its operations and financial capabilities.
Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance at Beltone Holding, stated: "This agreement reinforces Beltone Group’s commitment to supporting the agriculture sectors in Egypt.”
Helmy Abouleish, CEO of SEKEM Group, added: “This partnership significantly enhances our financial capabilities, enabling us to support a diverse range of projects across multiple sectors.”
“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,” Abouleish mentioned.
SEKEM Group is a leading social enterprise focused on sustainable development and organic agriculture in Egypt.
Last September, Beltone Leasing and Madkour Group inked a deal worth EGP 400 million.
