Latest news with #AmirGhannam
Zawya
4 days ago
- Business
- Zawya
SCZONE inaugurated Beltone Leasing and Factoring branch at Sokhna headquarters
Sokhna – Mr. Ahmed Saad, CEO of The General Authority of the Suez Canal Economic Zone (SCZONE) and Mr. Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, inaugurated the new branch of Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, located within SCZONE's headquarters in the Sokhna Industrial Zone. The branch opening follows the company's approval from the Financial Regulatory Authority (FRA). This strategic expansion positions Beltone Leasing and Factoring as the first non-banking financial institution to commence operations in the SCZONE, one of Egypt's most prominent economic growth engines and a vital gateway for industrial investment, global trade, and regional logistics. "The opening of Beltone Leasing and Factoring's branch within our headquarters in Sokhna is a qualitative step towards enhancing the business environment within SCZONE by providing specialized financial services that facilitate effective financing and investment solutions for investors. This move is part of SCZONE's broader strategy to establish an integrated financial infrastructure that keeps pace with the growing needs of industrial and logistics activities. We continue to attract major financial entities to our industrial zones, reaffirming our commitment to creating a stimulating investment climate that support investments and investors, drives sustainable development, and supports the national economy." Mr. Waleid Gamal El-Dien, Chairman of SCZONE, declared. Mr. Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, commented: "We are proud to be the first leasing and factoring company to begin operations within the SCZone to finance investors. This step opens new avenues for financing industrial projects and strategic export activities, thereby contributing to economic development and supporting national growth objectives." It is noteworthy that the opening of Beltone Leasing and Factoring's branch at SCZONE's headquarters in Sokhna aligns with its ongoing efforts to enhance the services ecosystem offered to investors. These efforts include the one-stop-shop service, digital transformation of investor services, presence of various banks, and the integration of industrial and logistical support services within SCZONE, all of which simplify access to services and provide an investor-friendly environment that enables efficiency, accelerates execution, and aligns with global best practices in investment facilitation. About The General Authority for the Suez Canal Economic Zone (SCZONE) The General Authority for the Suez Canal Economic Zone (SCZONE) was established by a decree from H.E. President Abdel Fattah El-Sisi in 2015 as an autonomous body with full executive and regulatory powers. SCZONE oversees a total area of 455 square kilometers and is fully empowered to approve regulatory decisions, propose investment incentives, supervise operations, manage staffing and budgeting, secure funding, develop partnerships, and provide comprehensive business facilitation services. SCZONE comprises four key industrial zones (East Port Said, East Ismailia, Qantara West, and Sokhna) integrated with six strategic seaports (East Port Said Port, West Port Said Port, Al-Arish Port, Sokhna Port, Adabiya Port, and Al-Tor Port). Together, they form a fully integrated industrial and logistics ecosystem. Strategically located at the crossroads of Africa, Asia, and Europe, and directly overlooking the Suez Canal (one of the world's most vital maritime routes), SCZONE is a central hub for global supply chains and international trade flows. SCZONE fosters an investor-friendly business environment that serves as a cornerstone of Egypt's national development strategy. It not only attracts new investments but also enables existing investors to grow and expand, ultimately creating sustainable job opportunities and driving economic development. It targets several high-potential sectors, including heavy and light industries, renewable energy and green hydrogen, logistics services, and information technology. All within a comprehensive vision that positions Egypt as a leading global industrial and logistics hub. For more information, please visit SCZone website: SCZONE – General Authority for Suez Canal Economic Zone Follow SCZONE on: LinkedIn: Instagram: Facebook: X: YouTube: About Beltone Leasing and Factoring: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, specializes in providing leasing and factoring solutions and services. The Company holds a leading position in the Egyptian leasing and factoring market, owing to its strong contribution to delivering innovative financial solutions to small and medium-sized enterprises as well as large companies across strategic sectors. These sectors include real estate development, logistics support services, transportation, healthcare, education, pharmaceuticals, food and beverages, printing and packaging, chemicals, and oil. About Beltone Holding: Beltone Holding (Egyptian Stock Exchange Code: is a leading provider of financial services with a distinguished track record spanning decades in the Middle East and North Africa. The Company offers a comprehensive and expanding range of financial solutions and services, including securities brokerage, underwriting and advisory services, asset management, research, and direct investment, as well as non-banking financial services such as leasing, factoring, consumer finance, venture capital, microfinance, real estate finance, and small and medium-sized enterprise (SME) financing. The company has an ambitious vision to revolutionize the financial sector in the region, leveraging the global expertise and knowledge of its team to provide innovative, value-added solutions, create additional opportunities for its clients, enhance market value, and achieve impactful results. For more information, please visit the company's website: Investor Relations: ir@
Zawya
20-05-2025
- Business
- Zawya
Beltone Leasing and Factoring successfully closes second securitization bond in less than 9 months for EGP2bln
Cairo: Beltone Holding ("Beltone") announces that its wholly owned subsidiary, Beltone Leasing and Factoring, has successfully concluded its second securitization issuance in less than a year, with a total value of EGP2 billion. Led by Beltone Investment Banking's Debt Capital Markets Division as financial advisor, lead manager, and bookrunner, the transaction reinforces Beltone's position as a key player in Egypt's capital markets. The issuance was executed through Beltone Securitization Company and rated by Middle East Rating and Investors Services (MERIS). Underwriting was led by Banque du Caire, Suez Canal Bank, and First Abu Dhabi Bank Egypt (FAB Misr). Banque du Caire also served as placement agent, while Suez Canal Bank acted as custodian. The transaction attracted strong investor interest, with participation from Emirates NBD Egypt, Société Arabe Internationale de Banque (SAIB), and Attijariwafa Bank. ALC Al-Weshahi & Partners provided legal counsel, and KPMG acted as external auditor. 'Completing two securitization issuances in less than a year reaffirms the strength and resilience of our portfolio, as well as the market's confidence in our strategic growth plans,' said Amir Ghannam, Deputy Head of Non-Banking Financial Services for Leasing, Factoring, and Consumer Finance. 'This second issuance is a significant milestone that reflects our commitment to developing financing solutions that meet the evolving needs of our clients' needs and contribute to sustainable growth in the financial sector." Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets, added: 'This transaction showcases our strong structuring capabilities and our agility in executing securitization deals that align with the demands of the debt market. We're proud to be driving the development of a more dynamic, accessible financial ecosystem that empowers businesses and expands access to diversified debt financing solutions.' Its worth noting that the issuance was executed through Beltone Securitization Company and rated by MERIS, it was structured into three tranches: EGP731 million (25 months), EGP698 million (37 months), and EGP581 million (54 months), each with a minimum credit rating of 'A'.
Zawya
21-02-2025
- Business
- Zawya
Egypt: Beltone's unit enters $79mln deal for sports project
Cairo – Beltone Leasing and Factoring, a subsidiary of the listed Beltone Holding, recently signed a syndicated leasing term sheet amounting to EGP4 billion with Al Qalaa Al Hamraa for Facilities Management, according to a press release. The collaboration aims to finance the construction of Al Ahly Club's stadium and its adjoining sports city in Sheikh Zayed, known as the Project of the Century for being one of the largest sports and entertainment developments in Egypt. The project will feature a world-class 42,000-seat stadium, an innovative sports hospital, a sports museum, a leading university, a specialised sports school, and a hotel, further enhancing Egypt's position on the global and regional sports stage. Deputy Head of NBFIs – Leasing, Factoring & Consumer Finance at Beltone Leasing & Factoring, Amir Ghannam, said: "This partnership underscores our commitment to financing transformative projects that drive economic growth and community development.' Ghannam noted: 'Project of the Century is set to become a landmark in Egypt's sports infrastructure, redefining the nation's sports investment landscape. We are proud to support its realization and contribute to a project of this scale and significance." Beltone Investment Banking acts as the exclusive financial advisor to Al Qalaa Al Hamraa Company in the development and capital raising for Al Ahly Club's project, reinforcing its commitment to supporting strategic investments that drive economic growth. Chairman and CEO of Al Qalaa Al Hamraa, Mohamed Kamel, said: 'Al Ahly Stadium represents a groundbreaking milestone in the investment and development of Egypt's sports sector, strengthening the country's presence on both the regional and global sports stage.' Kamel added: 'We are also proud to collaborate with Beltone Leasing and Factoring as our strategic partner in this national endeavor. Together, we are committed to establishing an inclusive sports city—an iconic destination that will serve as a premier hub for sports enthusiasts across Egypt.' By integrating world-class sports, educational, and medical facilities, Al Ahly Club Sports City will foster a dynamic and healthy community. It is worth noting that the parent company Beltone registered a consolidated net profit of EGP 1.78 billion in 2024 as well as revenue worth EGP 7.42 billion.
Zawya
11-02-2025
- Business
- Zawya
Beltone Leasing & Factoring signs EGP4bln syndicated leasing term sheet with Al Qalaa Al Hamraa
Cairo: Beltone Leasing & Factoring, a subsidiary of Beltone Holding, has announced the signing of an EGP4 billion syndicated leasing term sheet with Al Qalaa Al Hamraa for Facilities Management to finance the construction of Al Ahly Club's stadium and its adjoining sports city in Sheikh Zayed, known as the "Project of the Century." As one of the largest sports and entertainment developments in Egypt, the project will feature a world-class 42,000-seat stadium, an innovative sports hospital, a sports museum, a leading university, a specialized sports school, and a hotel, further enhancing Egypt's position on the global and regional sports stage. Beltone Investment Banking acts as the exclusive financial advisor to Al Qalaa Al Hamraa Company in the development and capital raising for Al Ahly Club's 'Project of the Century,' reinforcing its commitment to supporting strategic investments that drive economic growth. Amir Ghannam, Deputy Head of NBFIs – Leasing, Factoring & Consumer Finance at Beltone Leasing & Factoring, commented: "This partnership underscores our commitment to financing transformative projects that drive economic growth and community development. Project of the Century is set to become a landmark in Egypt's sports infrastructure, redefining the nation's sports investment landscape. We are proud to support its realization and contribute to a project of this scale and significance." Mohamed Kamel, Chairman and CEO of Al Qalaa Al Hamraa, commented: 'Al Ahly Stadium represents a groundbreaking milestone in the investment and development of Egypt's sports sector, strengthening the country's presence on both the regional and global sports stage. We are also proud to collaborate with Beltone Leasing and Factoring as our strategic partner in this national endeavor. Together, we are committed to establishing an inclusive sports city—an iconic destination that will serve as a premier hub for sports enthusiasts across Egypt.' By integrating world-class sports, educational, and medical facilities, Al Ahly Club Sports City will foster a dynamic and healthy community. This collaboration between Beltone Leasing & Factoring and Al Qalaa Al Hamraa marks a milestone in Egypt's sports investment landscape. About Beltone Leasing and Factoring: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, specializes in providing leasing and factoring solutions and services. The Company holds a leading position in the Egyptian leasing and factoring market, owing to its strong contribution to delivering innovative financial solutions to small and medium-sized enterprises as well as large companies across strategic sectors. These sectors include real estate development, logistics support services, transportation, healthcare, education, pharmaceuticals, food and beverages, printing and packaging, chemicals, and oil. About Beltone Holding: Beltone Holding ( is a leading provider of financial services with a distinguished track record spanning decades in the Middle East and North Africa. The Company offers a comprehensive and expanding range of financial solutions and services, including securities brokerage, underwriting and advisory services, asset management, research, and direct investment, as well as non-banking financial services such as leasing, factoring, consumer finance, venture capital, microfinance, real estate finance, and small and medium-sized enterprise (SME) financing. The company has an ambitious vision to revolutionize the financial sector in the region, leveraging the global expertise and knowledge of its team to provide innovative, value-added solutions, create additional opportunities for its clients, enhance market value, and achieve impactful results. For more information, please visit the company's website: Investor Relations: ir@ About EL QALAA EL HAMRAA El Qalaa El Hamra for Facilities Management is the company responsible for the construction of Al Ahly Stadium and sports city in Sheikh Zayed City, known as the "Project of the Century." Established in June 2024, the company marks a significant step forward towards enhancing Egypt's leading position in sports infrastructure development and investment. With a strategic vision and state-of-the-art infrastructure, El Qalaa El Hamra aims to elevate the sports landscape in Egypt, offering a comprehensive destination that combines sporting excellence, education, and community development. For more information, please visit the company's website El Qalaa El Hamraa – Project of the century
