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Beltone Signs a Joint Financing Agreement Worth 600 Million Egyptian Pounds to Support a Healthcare Project in Egypt

 

Beltone Financial Holding (“Beltone”), one of the leading and rapidly growing financial companies announces the signing of a joint financing contract with a sale and leaseback arrangement with both “Cairo Leasing Corporation” and “Easylease Corporation,” which are wholly-owned subsidiaries of Beltone. This agreement aims to finance a project by the Egyptians for Healthcare Services with a total value of 600 million Egyptian pounds.

This step plays a significant role in enhancing institutional partnerships in Egypt, where financial and leasing specialists from Beltone, “Cairo Leasing Corporation,” and “Easylease Corporation” collaborate to support the financing of the construction of a service center building and its associated land. This comes as part of the sustainable expansion plans of the Egyptians for Healthcare Services.

Amir Ghannam, CEO of Beltone for Leasing and Factoring, expressed his delight in the strategic cooperation with “Cairo Leasing Corporation” and “Easylease Corporation” to finance the Egyptian healthcare project. He confirmed that this agreement reflects Beltone’s vision in supporting leading companies in Egypt, especially in the healthcare sector, by offering innovative financial solutions that enhance their expansion and sustainability and affirming Beltone’s role as a trusted partner in providing leading and effective financing options.

On his part, Ahmed Sherif, CEO and Managing Director of Cairo Leasing Corporation, expressed his happiness with the successful cooperation with “Beltone for Leasing” and “Easylease Corporation.” He pointed out that this cooperation embodies their commitment to support and meet the needs of the Egyptian market in all its sectors and reflects their strategy in forming fruitful partnerships that enhance the market’s economic sustainability.

Ahmed El Kholy, the Managing Director of Easylease, added that this contract represents a positive step towards developing the company and enhancing its relationship with clients and major entities, in addition to supporting promising companies in the leasing market in Egypt. He emphasized that the healthcare sector is one of the strategic sectors experiencing increasing demand at present and requires additional support to meet market needs.

In conclusion, Dr. Hassan El-Qalla, Chairman of the Board of Directors of the Egyptians for Healthcare Services, spoke about the importance of this partnership, which will provide the financial resources necessary to complete the service-building project in the Capital Med project, set to be one of the first smart and integrated healthcare centers in the Middle East. He commended the expertise of the financing companies in supporting and financing the industry and offering distinguished financial solutions that contribute to enhancing various sectors.

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