Beltone Investment Holding launches $100 mln private credit platform to support Egyptian exporters

Doaa A.Moneim , Tuesday 30 Apr 2024

Beltone Investment Holding (BIH), a subsidiary of the financial solutions provider in the Middle East and North Africa Beltone Holding, announced on Tuesday launching a $100 million (EGP 5 billion) private credit platform to address the unique financial needs of Egyptian export champions.

Beltone Investment


Egypt boasts diverse companies poised to become the future pillars of an export-oriented economy, covering traditional industries and emerging sectors such as artificial intelligence, manufacturing, agriculture, and tourism.

Beltone Holding CEO Dalia Khorshid, recognizing the potential of these businesses, expressed her confidence in the growth prospects of the Egyptian economy.

"Whether these companies seek to expand their export capabilities or establish offshore operations, they require access to tailored financial solutions provided by a trusted partner, with a keen awareness of the rapidly evolving nature of global business," she stated.

Beltone Holding aims to fill this gap by offering a comprehensive platform that meets the specific requirements of Egyptian export champions.

Head of Investment Bank at Beltone Holding Mohamed Aboulfadl emphasized the company's commitment to building the next generation of Egyptian giants that will proudly represent the nation in the Arab Gulf, Africa, and beyond.

“The private credit platform, which falls under the Investment Bank Platform, marks a significant step forward in Beltone Holding's strategy to support the growth and expansion of Egyptian businesses,” he said.

The platform size will be adaptable to market demand and is expected to grow over time.

 It will focus on collaborating with companies engaged in offshore projects or operations, offering services such as working capital finance and cash flow discounting.

BIH has obtained all the licenses and regulatory approvals required to commence operations.

The financing for the platform will be facilitated through a $100 million loan from Beltone Holding's anchor shareholder.

The company's shareholders approved this loan during an ordinary general meeting on 29 April.

BIH is eager to leverage its expertise and financial resources to support Egyptian export champions in their journey toward success. 

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