Beltone Leasing and Factoring, Cairo Leasing Corporation, and Easy Lease signs a club deal agreement to finance Egyptians for Healthcare Services by EGP600 million

Cairo, January 17, 2024: Beltone Financial Holding ("Beltone") one of the fastest growing financial institutions, announces that its wholly owned subsidiary Beltone Leasing and Factoring has signed a club deal agreement with Cairo Leasing Corporation and Easy Lease to finance Egyptians for Healthcare Services ("EHCS") through a sale and leaseback worth EGP600 million.

Cairo Leasing Corporation invited Beltone Leasing and Factoring and Easy Lease to collaborate on this transaction with the aim of financing the remaining costs associated with the development of EHCS’s service center building and its land, which will enable EHCS to unlock value of its real estate assets while retaining operational control and benefiting from the facilities.

Amir Ghannam, CEO of Beltone Leasing and Factoring, commented: "We are proud to partner with EHCS, a leader in the healthcare sector, and provide the necessary financing solutions to enable the company’s expansion plans. This collaboration reinforces our position as a trusted provider of innovative financing options and underscores our dedication to driving economic progress in Egypt. The signing of this club deal agreement with Cairo Leasing Corporation and Easy Lease is a testament to Beltone Leasing and Factoring's commitment to supporting the growth and development of prominent organizations in Egypt".

Ahmed Sherif, CEO and Managing Director of Cairo Leasing Corporation, has expressed his delight in collaborating with Beltone Leasing and Factoring and Easy Lease, stating that: "The collaboration among the three companies reaffirms our vision to support and meet the market's needs across all sectors and comes as a continuation of our efforts to form fruitful partnerships that positively impact the Egyptian market".

Ahmed El Kholy, Managing Director of Easy Lease revealed that the agreement reflects Easy Lease consistent approach towards developing strong relations with large investment groups accompanied by leading players in the leasing industry at the same time. He mentioned that the Healthcare and Medical sector is recognized as one of the very promising sectors that requires more investments to be able to cover the huge demand that is obviously foreseen.

Dr. Hassan El Kalla, Chairman of EHCS, said: "We are delighted to partner with leasing companies on this EGP600 million sale and leaseback agreement. This collaboration will provide us with the necessary financial resources to complete the service building in the first phase of Capital Med, the first integrated smart healthcare city in the Middle East and support our mission of delivering exceptional healthcare services. The mentioned leasing companies’ deep industry knowledge and commitment to innovation make them the ideal partner for this important project".