– Beltone Leasing and Factoring, a subsidiary of Beltone Holding, secures an EGP400 million deal with IL Cazar for Urban Development.
– The agreement encompasses a sale and leaseback transaction and factoring facility, each valued at EGP200 million, dedicated to financing IL Cazar’s Creek Town project.
– The partnership reflects Beltone’s commitment to supporting key players in Egypt’s real estate sector and signifies a strategic move for IL Cazar’s growth and development plans.
Beltone Holding‘s Subsidiary, Beltone Leasing and Factoring, Inks EGP400 Million (USD8.5 Million) Deal with IL Cazar for Urban Development.
Amir Ghannam, CEO of Beltone Leasing and Factoring, and Nader Khozam, Chairman and CEO of IL Cazar, Seal Agreement for Sale and Leaseback, Factoring Facility
The agreement entails a sale and leaseback transaction and factoring deal, each valued at EGP200 million, aimed at financing IL Cazar’s Creek Town project.
Ghannam expresses pride in supporting prominent players like IL Cazar in Egypt’s real estate sector, highlighting future collaborations in investment banking, mortgage, consumer finance, and digitalization.
Khozam emphasizes the strategic significance of the partnership, citing Beltone’s reputation for innovative financial solutions and its commitment to facilitating the Creek Town Project’s development.
IL Cazar‘s strategic vision aligns with the partnership, which aims to utilize Beltone’s advanced financial solutions to enhance project execution in New Cairo.
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