{"id":619308,"date":"2024-04-30T00:00:00","date_gmt":"2024-04-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/30\/beltone-unit-launches-usd-100-mn-private-credit-platform-for-exporters\/"},"modified":"2024-04-30T00:00:00","modified_gmt":"2024-04-30T00:00:00","slug":"beltone-unit-launches-usd-100-mn-private-credit-platform-for-exporters","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/30\/beltone-unit-launches-usd-100-mn-private-credit-platform-for-exporters\/","title":{"rendered":"Beltone unit launches USD 100 mn private credit platform for exporters"},"content":{"rendered":"

Beltone has something up its sleeves for exporters: <\/strong>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 s<\/a>tatement (pdf)<\/a>. The platform will offer working capital finance cash-flow discounting, among other services, to businesses with offshore projects or operations.<\/p>\n

Where it stands: <\/strong>The platform has already secured the licenses and regulatory approvals it needs to kick off operations. It\u2019s also got the funds ready to go: A USD 100 mn loan from Beltone Holding\u2019s anchor shareholder was approved yesterday by shareholders.<\/p>\n

Exporters and businesses overseas have unique financing needs: <\/strong>\u201cWhether they\u2019re 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,\u201d said Beltone Holding CEO Dalia Khorshid, name-checking AI, manufacturing, agriculture and tourism.<\/p>\n

Egypt is home to many companies that Khorshid describes as \u201cthe future cornerstones <\/strong>of a diverse, export-oriented economy<\/strong> rooted in both traditional industries and the sectors of tomorrow.\u201d<\/p>\n

USD 100 mn is a lot, but it may just be the start<\/strong>, 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 \u201chelp build the next generation of Egyptian giants that will carry our nation\u2019s flag into the Arab Gulf, Africa, and beyond.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The platform has already secured the licenses and regulatory approvals needed for it to kick off operations<\/p>\n","protected":false},"author":1,"featured_media":619309,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8313],"tags":[7112,72,503,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-619308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services","tag-beltone-holding","tag-enterpriseam","tag-financial-services","tag-trade","wpautop","entry"],"acf":{"mongo_id":"9bfd8b0a-a42c-45a6-9157-8c455dcfc5b5","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/866.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Beltone unit launches USD 100 mn private credit platform for Egyptian exporters","related_issue":[619303],"teaser":"The platform has already secured the licenses and regulatory approvals needed for it to kick off operations","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.1faf9e39-4e4a-4de2-824c-fb2cc7d40659.mp3"},"yoast_head":"\nBeltone unit launches USD 100 mn private credit platform for exporters - 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The index is up 6.23% YTD.In the green: Pioneers Holding (+3.7%), Sodic (+3.3%) and Madinet Nasr Housing (+2.9%).In the red: Orascom Development Egypt (-3.5%), Heliopolis Housing (-3.1%)\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573839,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/19\/beltone-to-launch-three-nbfs-firms-next-month-eyeing-return-to-profitability\/","url_meta":{"origin":619308,"position":5},"title":"Beltone to launch three NBFS firms next month, eyeing return to profitability","author":"enterpriseam admin","date":"19 August 2020","format":false,"excerpt":"Beltone Financial Holding will set up three new non-banking financial companies in September in a bid to return to profitability, CEO Ibrahim Karam said in an interview with Reuters on Tuesday. 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