Egypt's Beltone Leasing Inks $38.4M Deal for Healthcare Expansion

Beltone Leasing and Factoring, a subsidiary of Beltone Financial Holding based in Egypt, has inked a club deal agreement with Cairo Leasing Corp and Easy Lease to provide 600 million Egyptian pounds ($38.4 million) in sale and leaseback financing for Egyptians for Healthcare Services (EHCS). This strategic move allows EHCS to maintain operational control while unlocking the value of its real estate assets, facilitating the development of its service center building. Beltone Financial Holding, a rapidly growing financial institution, sees this collaboration as reinforcing its role as an innovative financing solutions provider, supporting EHCS's expansion plans in the healthcare sector.

The agreement, orchestrated by Cairo Leasing Corp, Beltone Leasing and Factoring, and Easy Lease, signifies a commitment to driving economic progress in Egypt. The collaboration focuses on financing EHCS's service center building, a crucial component of the first phase of Capital Med, the Middle East's first integrated smart healthcare city.