– Beltone Investment Holding, a subsidiary of Beltone Holding and a prominent financial institution in the Middle East and North Africa, launches a USD 100 million private credit platform tailored for Egyptian export champions.

– CEO Dalia Khorshid highlights Egypt’s diverse economy, citing the importance of providing customized financial solutions to support businesses across various sectors, from traditional industries to emerging ones like artificial intelligence and manufacturing.

– Mohamed Aboulfadl, Head of Investment Bank, emphasizes the platform’s role in fostering the growth of Egyptian companies in global markets, with plans to expand the platform’s size over time in response to market demand. 

Beltone Investment Holding (BIH), a subsidiary of Beltone Holding and a prominent financial institution in the Middle East and North Africa, has unveiled plans to introduce a USD 100 million private credit platform, in a bid to bolster Egypt’s export sector.

This initiative aims to cater to the financial needs of Egyptian export champions across various industries.

Dalia Khorshid, CEO of Beltone Holding, expressed optimism about Egypt’s economic landscape, highlighting the country’s diverse array of companies poised to shape an export-oriented economy.

“Egypt is home to a vast number of companies who are the future cornerstones of a diverse, export-oriented economy rooted in both traditional industries and the sectors of tomorrow — from artificial intelligence to manufacturing, from agriculture to tourism,” added Khorshid.

She emphasized the necessity for tailored financial solutions to aid these businesses in expanding their offshore operations and boosting exports.

The launch of the private credit platform signifies Beltone’s commitment to nurturing the growth of Egyptian enterprises on the global stage.

Mohamed Aboulfadl, Head of Investment Bank at Beltone, explained, “The launch of this platform formalizes our commitment via a new line of business under the Investment Bank Platform which will help build the next generation of Egyptian giants that will carry our nation’s flag into the Arab Gulf, Africa, and beyond.”

Aboulfadl highlighted the platform’s flexibility, stating that its size would increase over time to meet growing market demands.

The platform is poised to provide a range of financial services tailored to businesses with offshore projects or operations. These services will include working capital finance and cashflow discounting, among others. Importantly, the platform has received all necessary licenses and regulatory approvals, positioning it to commence operations promptly

Initial funding for the platform has been secured through a USD 100 million loan from Beltone’s anchor shareholder.

Shareholders greenlit the loan at an ordinary general meeting held on Monday, April 29, underscoring confidence in the platform’s potential to drive economic growth and foster the expansion of Egyptian businesses in global markets.