Beltone Holding Raises $206 Million in Second Funding Round to Help Growth
Egyptian company Beltone Holding has raised $205.8 million (EGP 10.5 billion) through a second round of funding, with 98% of the available shares taken, according to a statement from the company on Monday.
Second Capital Increase
The recent increase in capital shows that shareholders and the market have confidence in Beltone Holding. This strengthens the company’s growth and solid market position.
Most of the investments came from international investors, showing their trust in Beltone’s plan for long-term growth.
Beltone said the funds raised will be used to help the company expand, especially by entering fast-growing markets, improving digital services, offering more products, and attracting top talent.
FABMISR was the bank that received the subscriptions.
Important Quote
“This second capital increase is an important step in Beltone’s growth, showing the trust we’ve gained from our shareholders and the market’s recognition of our strong growth,” said Dalia Khorshid, Group CEO and Managing Director of Beltone Holding.
“With a data-driven strategy and a great team, we’re speeding up growth with a focus on strategic expansion, AI, and digital change.”
Strong Financial Performance
Beltone Holding’s net profit for 2024 grew more than four times to $33.8 million (EGP 1.7 billion), helped by strong growth in its non-banking financial services (NBFIs) and investment banking sectors.
The company’s total revenue nearly quadrupled to $143.3 million (EGP 7.2 billion), as reported in February.
Also, the group’s total outstanding loans grew by 2.1 times to $519.4 million (EGP 26.1 billion) by the end of the financial year.
Beltone’s NBFIs platform played a big role in this strong performance, with its revenues rising almost six times to $115.4 million (EGP 5.8 billion).
Published: 15th April 2025
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