Beltone Approves 211 Million To Power Expansion And Growth Goals

Beltone Leasing and Factoring, a unit of Beltone Holdings led by Egyptian business executive Dalia Khorshid, has approved a 211 million capital raise to fuel its expansion and growth objectives. This move follows a 196.4 million capital injection last year and is aimed at furthering the companys ambitious expansion strategy.

The fresh funds will support Beltone's initiatives to deepen its capabilities and strengthen its competitive positioning in the MENA regions fast-evolving financial services sector.

This capital infusion is part of a broader effort by Beltone to embrace cutting-edge technology and data-driven solutions. With a keen focus on artificial intelligence AI and data science, Beltone is accelerating its transformation into a more diversified financial services provider.

The firm aims to expand its portfolio and enhance its offerings across brokerage, asset management, private equity, and other non-banking financial services, while positioning itself for long-term, sustainable growth.

CEO Dalia Khorshid highlighted the significance of this capital raise in driving the companys data-centric strategy. We are leveraging technology and AI to disrupt the financial services landscape, delivering long-term value to our shareholders and strengthening our market leadership, Khorshid said.