• Beltone seeks a third supportive loan from its majority shareholder, Chimera, following previous loans totaling USD 100 million and EGP 1.343 B1.343B previous loans.
• The Egyptian financial giant operates over 18 subsidiaries specializing in investment, asset management, securities, and underwriting activities.
• Chimera acquired a 56% stake in Beltone in 2022; the stock now trades at EGP 3.18, up from the acquisition price.

Beltone

According to Asharq Business, Egypt’s Beltone Holding is seeking a loan from its majority shareholder, UAE-based investment firm Chimera Holding. This would be the third loan Beltone has obtained from its main shareholder to date. In April 2024, the company received a USD 100 million loan, and in November 2024, its board approved another loan of approximately USD 28.6 million (EGP 1.343B).

Founded in 2006, Beltone Holding is one of Egypt’s largest financial institutions. It has more than 18 subsidiaries specializing in investment, asset management, securities, and underwriting.

Major Shareholder

In 2022, the company changed its ownership structure. That year, Chimera Holding acquired a 56% stake in Beltone for around USD 8.1 million (EGP 385M) for EGP 1.485 per share, when the local currency exchange rate was 18.9 EGP/USD. The stock is currently trading at EGP 3.18.

Established in 2007, Chimera Investment LLC is an Abu Dhabi–based private investment firm. It manages a diverse portfolio of listed and unlisted equities across local and regional markets. The firm focuses on value-creation opportunities where it can invest proprietary capital in line with its investment philosophy.

Bottom line: Beltone is seeking a third loan from its majority shareholder, Chimera, following previous support in 2022 and 2024. Chimera currently owns 56% of the company, and Beltone’s stock is trading at EGP 3.18 per share.