Dalia Khorshid Leads Beltone To 205 Million Capital Boost

Beltone Holding raises EGP10.5 billion 205 million in capital with a 98 subscription rate, fueling its expansion and growth strategy.

Foreign investors provide most of the funds, underscoring Beltone's growing international presence.

Under Dalia Khorshid, Beltones revenue and net profit surged in 2024, driven by its Non-Banking Financial Institutions platform and strategic diversification.

Beltone Holding, the Cairo-based financial services group led by Egyptian business executive Dalia Khorshid, has successfully completed its second capital increase, raising EGP10.5 billion 205 million with a 98 percent subscription rate. The strong response reflects growing investor confidence in the companys performance and future plans, positioning it to press ahead with its ongoing expansion drive.

In a press release , the company said most of the funds came from foreign investorsanother sign of Beltones rising profile on the international stage. The fresh capital will be used to grow its footprint across high-potential markets, invest in scalable digital platforms, expand its product lineup, and attract top talent to support its next phase of development.

Khorshid, who has steered Beltones transformation since taking the helm, called the raise a defining milestone for the company. This second capital increase reflects the trust weve earned from our shareholders and the markets belief in our direction, she said. With a data-driven strategy and a truly exceptional team, were scaling up our platforms with a sharp focus on digital transformation, AI, and regional growth.

Founded in 2002, Beltone Holding has grown into one of the MENA regions leading financial services providers. Under Dalia Khorshid, the company has evolved well beyond its roots in brokerage and investment banking. Today, it offers a wide range of services, including asset management, private equity, leasing, factoring, consumer and mortgage finance, venture capital, and microfinance.

This strategic shift is already bearing fruit. In 2024, Beltones consolidated revenue soared nearly fourfold to EGP7.2 billion 143.2 million , up from EGP1.87 billion 37.2 million the year before. Much of this growth came from the rapid rise of its Non-Banking Financial Institutions NBFIs platform and the continued strength of its Investment Bank.