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Key Points
- Beltone Leasing and Factoring approved a $211 million capital raise to expand its footprint and strengthen its market position in the MENA region.
- The funding will support Beltone's focus on technological transformation, embracing AI and data science to diversify financial services offerings.
- CEO Dalia Khorshid drives transformational impact, boosting financial services with innovation.
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 company’s ambitious expansion strategy.
The fresh funds will support Beltone's initiatives to deepen its capabilities and strengthen its competitive positioning in the MENA region’s fast-evolving financial services sector.
Beltone's strategic focus on technological transformation
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 company’s 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.
Beltone’s exceptional financial growth
Founded in 2002, Beltone Holding is a leading financial services provider in the MENA region, with shares listed on the Egyptian Exchange. Its subsidiary, Beltone Leasing and Factoring, established in 2022, has quickly become one of Egypt's top three financing companies.
Under Khorshid’s leadership, the company has expanded its offerings, which now include brokerage, investment banking, asset management, and a range of non-banking financial services (NBFIs), such as private equity, leasing, factoring, consumer finance, venture capital, mortgage finance, and microfinance.
In a landmark achievement, Beltone recently completed its securitization issuance, raising $27.3 million (EGP1.33 billion) to enhance its capital base and bolster its regional operations.
Beltone Financial's Q3 2024 results reflect the success of its growth strategy, with operating revenue up 405 percent YoY to EGP4.8 billion ($94.3 million). Net profits surged 1,218 percent to EGP1.13 billion ($22.2 million), driven by a strong profit margin of 23.4 percent, signaling a solid financial position and strong growth prospects.
