Beltone has something up its sleeves for exporters: Beltone Holding subsidiary Beltone Investment Holding (BIH) will launch a USD 100 mn private credit platform geared towards the needs of Egyptian exporters big and small as well as companies with overseas operations, the parent company said in a statement (pdf). The platform will offer working capital finance cash-flow discounting, among other services, to businesses with offshore projects or operations.

Where it stands: The platform has already secured the licenses and regulatory approvals it needs to kick off operations. It’s also got the funds ready to go: A USD 100 mn loan from Beltone Holding’s anchor shareholder was approved yesterday by shareholders.

Exporters and businesses overseas have unique financing needs: “Whether they’re looking to grow their offshore operations or expand their exports, these businesses need access to tailor-made financial solutions provided by a partner they can trust, and on a timeline that recognizes the rapidly evolving nature of global business,” said Beltone Holding CEO Dalia Khorshid, name-checking AI, manufacturing, agriculture and tourism.

Egypt is home to many companies that Khorshid describes as “the future cornerstones of a diverse, export-oriented economy rooted in both traditional industries and the sectors of tomorrow.”

USD 100 mn is a lot, but it may just be the start, as the platform will grow in line with market demand, said Beltone Deputy CEO and Head of Investment Banking Mohamed Aboulfadl, saying the platform hopes to “help build the next generation of Egyptian giants that will carry our nation’s flag into the Arab Gulf, Africa, and beyond.”

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