Beltone Financial Holding ("Beltone"), one of the fastest growing financial institutions, announces that its wholly owned subsidiary Beltone Leasing and Factoring ("the Company") has signed agreement worth EGP200m (US$6.5m) with the Egyptian Company for Import and Export ("EGMED"), one of the largest suppliers and distributors of medical equipment in Egypt.
This agreement is a major milestone for the Company, as it marks its first factoring transaction since the license was obtained from the Financial Regulatory Authority back in September 2023. The agreement will provide essential financing for EGMED's daily operations.
