Egypt: Beltone and Madkour Group sign $8.21mln agreement

Beltone Holding has signed a leasing and factoring agreement with Madkour Group, totaling EGP 400 million. The agreement includes a sale and leaseback arrangement for Madkour Group’s administrative unit assets at the “Zizinia” project in New Cairo, valued at EGP 300 million. Additionally, it provides EGP 100 million in factoring to support the Group’s working capital and fuel the expansion of its projects across Egypt.