Beltone Holding Secures $205 Million in Capital Boost
Deal News | Apr 14, 2025 | Zawya
Beltone Holding, a prominent financial services provider in Cairo, has secured a significant capital increase of 10.5 billion Egyptian pounds, equivalent to $205 million. This move is aimed at fueling the company's strategic growth across various platforms, with a keen focus on enhancing artificial intelligence capabilities and driving digital transformation. The capital raising was primarily backed by foreign investors, underscoring the global confidence in Beltone's growth strategy. For the financial year 2024, Beltone reported a consolidated net profit increase of 4%, bringing it to 1.7 billion pounds, based on an operating revenue of 7.2 billion pounds. These developments represent pivotal steps in Beltone's expansion ambitions, leveraging new capital to support its evolving business model.
Sectors
- Financial Services
- Technology
Geography
- Egypt – Beltone Holding is based in Cairo, Egypt, and the capital increase is a significant financial event in the region.
- International – Foreign investors played a major role in the capital raising, indicating international interest and involvement.
Industry
- Financial Services – Beltone Holding operates in the financial services sector, focusing on strategic expansion and digital assets.
- Technology – The capital increase is aimed at boosting artificial intelligence and digital transformation, making technology a key sector.
Financials
- $205 million – The total sum raised by Beltone Holding in their capital increase.
- 10.5 billion Egyptian pounds – The equivalent local currency amount for the capital raised.
- 1.7 billion Egyptian pounds – Beltone's consolidated net profit for 2024.
- 7.2 billion Egyptian pounds – The operating revenue recorded by Beltone.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Beltone Holding | Target company | Company | A Cairo-based financial services provider involved in capital raising and expansion. |
| Dalia Khorshid | Chief Executive | Person | CEO of Beltone Holding, quoted in the statement about the capital increase. |
| Foreign Investors | Investors | Company | Entities that provided the majority of the capital for Beltone's increase. |