Egypt: Beltone and Madkour Group sign $8.21mln leasing and factoring agreement

Beltone Holding announced that its subsidiary, Beltone Leasing and Factoring, has signed a leasing and factoring agreement with Madkour Group, totaling EGP 400 million. The agreement includes a sale and leaseback arrangement for Madkour Group’s administrative unit assets at the “Zizinia” project in New Cairo, valued at EGP 300 million. Additionally, it provides EGP 100 million in factoring to support the Group’s working capital and fuel the expansion of its projects across Egypt.
This partnership underscores Beltone’s commitment to offering financial solutions that help companies achieve their growth objectives. Amir Ghannam, CEO of Beltone Leasing and Factoring, highlighted the importance of the deal, stating: “This agreement reflects our strategic focus on providing tailored financial solutions that enable businesses to expand across various sectors. By fostering economic growth and creating job opportunities, it reinforces our leadership in the leasing and factoring market.”
Mostafa Madkour, Chairperson and CEO of Madkour Group, expressed pride in the collaboration, noting that the partnership strengthens the Group’s financial position and supports its growth plans in multiple markets.
Beltone Leasing and Factoring, recognized as the fastest-growing company in Egypt’s financial leasing and factoring sector, has secured a prominent market share and completed numerous deals with leading companies in industries such as healthcare, education, real estate, manufacturing, construction, transport, and logistics. With a paid-up capital of EGP 1 billion, it is the largest financial leasing company in the country.