UAE: Beltone Holding has successfully completed its second capital increase, securing a substantial EGP10.5 billion, backed by an impressive 98% subscription coverage.
The announcement was made on April 14, 2025, in Cairo and marks another significant milestone in the company’s strategic growth journey. This overwhelming response not only showcases strong investor confidence but also reaffirms Beltone’s solid market standing.
A notable portion of this capital came from foreign investments, demonstrating a high level of trust from international markets in Beltone’s vision for sustainable growth and innovation.
The capital increase will fuel Beltone’s expansion into high-growth markets and support its focus on digitally scalable platforms, artificial intelligence integration, and operational excellence. The funds will also be used to broaden the company’s product offerings and attract top-tier talent.
Dalia Khorshid, Group CEO and Managing Director, emphasized that this achievement reflects the strength of Beltone’s strategy and the trust it has earned. She highlighted the company's commitment to data-driven decisions and a future-oriented approach.
The background to this success is Beltone’s record-breaking performance in 2024. The company reported consolidated operating revenues of EGP7.2 billion, nearly quadrupling year-on-year, while net profit surged over 4.6 times to exceed EGP1.7 billion.
This growth was largely driven by its Non-Banking Financial Institutions platform, which saw revenues of EGP5.8 billion—a near sixfold increase—and its Investment Banking platform, which grew 2.4 times to EGP1.3 billion. These figures reflect the effectiveness of Beltone’s strategic execution across its core platforms.
Beltone Holding’s capital raise cements its reputation as a financial powerhouse with forward-looking ambition, dedicated to value creation and market leadership. FABMISR served as the Subscription Receiving bank, playing a key role in this successful financial operation.
