Our friends at Beltone Holding renewed the appointment of Dalia Khorshid (LinkedIn) as CEO and managing director for an additional three-year term, the company said in a statement (pdf). Khorshid has held the role since August 2022 and led the firm’s return to profitability, expanded its footprint in non-banking financial services, and steered its ongoing digital transformation.

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Khorshid and her team have turned Beltone around, delivering nearly 5x bottom linegrowth in 2024 at EGP 1.7 bn, while growing revenues 4x after a sustained turnaround driven by a deeper push into non-bank financial services and a refocusing of the investment bank.

Shareholders also elected a new board of directors for a three-year term, including Sayed Shoeib as non-executive chairman and Mohamed Hisham Abdel Moneim and Mirian Khalaf as non-executive board members representing Chimera’s investment vehicle Chimpe 1 Investment SPV, according to an EGX disclosure (pdf). Wael Mostafa and Marwa Kamal were also elected as independent non-executive board members.

PLUS- Giza Systems has a new country general manager for Egypt: Tech consultancy firm Giza Systems appointed Tarek Heiba (LinkedIn) as its new country general manager in Egypt, according to a statement. Heiba brings over 30 years of experience in the ICT sector, having held senior positions in global firms like Dell Technologies and Nokia Siemens Networks.

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