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.”
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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 platform enables companies to unlock critical growth capital and accelerate cashflows through tailored, convenient solutions, and advisory services with confidence that supports long-term relationships
One of the fastest-growing companies operating in the Leasing segment in Egypt. The largest leasing company in Egypt from a paid-in capital perspective, which stands at EGP1 billion. Awarded Factoring license from the Financial Regulatory Authority in September 2023. The company offers pioneering financing options to both small and medium-sized enterprises as well as major corporations
