Cairo, 18 December 2024: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has announced the signing of a landmark EGP350 million sale and leaseback agreement with SEKEM Group. SEKEM is a prominent social enterprise in Egypt, dedicated to sustainable development and organic agriculture.
This agreement entails the sale and leaseback of real estate assets, providing SEKEM with essential working capital to expand its operations and strengthen its financial capacity.
Amir Ghannam, Deputy Head of Non-Banking Financial Services for Leasing, Factoring, and Consumer Finance at Beltone Holding, commented:
“This partnership underscores Beltone Leasing and Factoring’s commitment to delivering bespoke financial solutions that empower businesses to achieve sustainable growth. It also aligns with Beltone Group’s strategy to support Egypt’s agriculture sector, fostering innovation and resilience.”
Helmy Abouleish, CEO of SEKEM Group, expressed his enthusiasm for the collaboration, stating:
“We are excited to partner with Beltone Leasing and Factoring on this transformative agreement. It significantly bolsters our financial resources, enabling us to support diverse projects across multiple sectors. Moreover, it accelerates our growth strategies and drives operational innovation. Together, we aim to champion sustainable development and deliver impactful solutions that uplift our local community.”
This partnership exemplifies the power of strategic financial collaboration in driving sustainable growth and innovation within key sectors in Egypt.
