Beltone Financial is looking to become the nation’s largest brokerage hours and double its assets under management to EGP 50 bn. The firm will also add microfinance and leasing businesses to its portfolio between this year and next, CEO Bassem Azab told Al Mal. He said the investment bank is has a pipeline of IPOs for execution on the EGX and a foreign market. Azab also says Beltone is looking to expand to include a consumer finance arm. Beyond Egypt, Beltone is also considering growth opportunities in emerging and frontier markets, including Eastern Europe, Pakistan, Bangladesh, and Kenya.

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