Beltone Financial Holding’s subsidiary, Beltone Leasing and Factoring, has finalized a significant agreement valued at EGP200 mn with the Egyptian Company for Import and Export (EGMED), Invest-Gate reports.

This deal marks a pivotal moment for Beltone’s subsidiary as it is their premier factoring transaction since obtaining the license from the Financial Regulatory Authority in September 2023. The agreement promises to provide crucial financial support for EGMED’s business operations.

Moreover, Amir Ghannam, CEO of Beltone Leasing & Factoring, expressed his enthusiasm about this milestone agreement, highlighting its strategic importance for the company. Ghannam emphasized that this collaboration not only initiates a crucial partnership with EGMED but also signifies a significant step in bolstering their factoring portfolio.

Amr Shaker, Chairman of EGMED, echoed similar sentiments, emphasizing the groundbreaking nature of this factoring agreement. Shaker stressed the importance of securing innovative financing solutions that propel their day-to-day operations within the Healthcare sector.

Shaker further added, “The alignment of Beltone Leasing and Factoring’s expertise and strategic approach with EGMED’s vision assures Shaker that this partnership will play a crucial role in fostering continued success and growth for their company.”