• Beltone seeks a third supportive loan from majority shareholder Chimera, following USD 100 million and EGP 1.343B previous loans.
• The Egyptian financial giant operates over 18 subsidiaries specializing in investment, asset management, securities, and underwriting activities.
• Chimera acquired 56% of Beltone in 2022; 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 its third loan it has obtained so far from its main shareholder. In April 2024, it received a loan worth USD 100 million. Additionally in November 2024, its board approved another of approximately USD 28.6 million (EGP 1.343B). 

Founded in 2026, Beltone Holding is one of Egypt’s largest financial institutions. It has more than 18 subsidiaries with specializations across investment, asset management, securities, and underwriting activities.

Major Shareholder 

In 2022, the company underwent a change in its ownership structure. In this. Chimeraa Holding acquired 56% of its shares for around USD 8.1 million (EGP 385M). At the time, this was at a price of EGP 1.485 per share. Additionally, at the time, when the local currency exchange rate was 18.9 EGP/USD.  Currently, 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 on both local and regional markets. It seeks value-creation opportunities where it can invest proprietary capital and keep in-line with its investment philosophy.

Bottom line: Beltone is seeking a third loan from majority shareholder Chimera, following previous support in 2022 and 2024. The company’s ownership shifted in 2022, with Chimera now holding 56%, and its stock currently trades at EGP 3.18.