Beltone Holding, one of the fastest-growing financial institutions in Egypt, has officially obtained the Financial Regulatory Authority’s (FRA) final approval for its Small and Medium Enterprises (SMEs) finance license. This milestone underscores Beltone’s commitment to addressing the increasing demand for SME support in Egypt and the wider region.

Beltone’s new SME finance license enhances its comprehensive suite of services, reinforcing its position as a fully-fledged Non-Banking Financial Institutions Platform. The company aims to leverage this approval to better serve the financial needs of SMEs, which are pivotal to the region’s economic stability and growth.

Ashraf Abdel Fattah, CEO of Beltone SMEs, stated, “We are dedicated to providing innovative and tailored financing solutions to meet the needs of SMEs, which are the backbone of our economy, across diverse industries. Through prioritizing client-centricity and innovation, we empower SMEs to thrive in today’s dynamic market conditions. Our aim is to serve as a catalyst for SME growth and development, by equipping them with financial tools and resources to achieve their business objectives.”

Beltone’s strategic focus on SMEs aligns with its broader mission to foster economic development and support entrepreneurial ventures. By securing the FRA license, Beltone is positioned to offer specialized financial products and services designed to help SMEs navigate the challenges of the current economic landscape and seize new opportunities.

This development marks a significant step forward for Beltone Holding, as it continues to expand its role in the financial sector, driving growth and innovation for small and medium enterprises across Egypt and the MENA region.