Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, plans to secure a $60 million loan.
The financing aligns with the unit’s expansion plans in North and West Africa, according to a bourse disclosure.
Meanwhile, the company is studying the announced expansion plans and we will unveil the latest developments in due course.
Last September, Beltone Leasing and Madkour Group signed a joint deal valued at EGP 400 million.
In the first half (H1) of 2024, EGX-listed company turned to consolidated net profits worth EGP 888.78 million, compared to net losses of EGP 145.89 million in H1-23.
