Beltone Holding, a rapidly expanding financial institution, has disclosed a significant move in the financial landscape as its subsidiary, Beltone Leasing and Factoring, enters into a club deal agreement, Invest-Gate reports.

The deal, valued at EGP 600 mn, involves partnerships with Cairo Leasing Corporation and Easy Lease to finance Egyptians for Healthcare Services (EHCS) through a strategic sale and leaseback arrangement.

Moreover, the collaboration aims to secure funding for the remaining costs related to developing EHCS’s service center building and associated land.

Furthermore, this approach allows EHCS to leverage the value of its real estate assets while maintaining operational control and benefiting from the provided facilities.

For his part, Amir Ghannam, CEO of Beltone Leasing and Factoring, expressed pride in partnering with EHCS, a healthcare sector leader. The collaboration positions Beltone as a trusted provider of innovative financing solutions, emphasizing the commitment to driving economic progress in Egypt.

Ahmed Sherif, CEO and Managing Director of Cairo Leasing Corporation, highlighted the collaboration’s significance in meeting market needs and forming partnerships that positively impact the Egyptian market.

Also, Ahmed El Kholy, Co-Founder and Managing Director of Easy Lease, emphasized the agreement as a reflection of their consistent approach to building strong relations with prominent investment groups and leasing industry leaders.

Hassan El Kalla, Chairman of EHCS, conveyed delight in the partnership with leasing companies, stating that the EGP 600 mn sale and leaseback agreement would provide essential financial resources to complete the service building in the first phase of Capital Med.

Notably, Capital Med is recognized as the first integrated smart healthcare city in the Middle East, aligning with EHCS’s mission of delivering exceptional healthcare services.