{"id":102581,"date":"2025-04-14T00:00:00","date_gmt":"2025-04-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/chimera-investments-egyptian-financial-services-firm-beltone-secures-egp-10-5-bn-in-capital-increase\/"},"modified":"2025-04-14T00:00:00","modified_gmt":"2025-04-14T00:00:00","slug":"chimera-investments-egyptian-financial-services-firm-beltone-secures-egp-10-5-bn-in-capital-increase","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/04\/14\/chimera-investments-egyptian-financial-services-firm-beltone-secures-egp-10-5-bn-in-capital-increase\/","title":{"rendered":"Chimera Investments\u2019 Egyptian financial services firm Beltone secures EGP 10.5 bn in capital increase"},"content":{"rendered":"

Chimera Investments\u2019 Beltone completes second mega capital increase:<\/strong> Abu Dhabi-based investment firm Chimera Investments\u2019 Egyptian financial services firm Beltone Holding has completed its second massive EGP 10.8 bn (AED 775.4 mn capital increase<\/a>, bringing its total paid-in capital to EGP 21.4 bn (AED 1.5 bn), according to a disclosure (pdf)<\/a> to the EGX. The capital raise was 98% covered in two subscription rounds, raising EGP 10.5 bn.<\/p>\n

Notably: The majority of the capital increase was covered by foreign investors<\/strong>, Beltone said in a statement (pdf)<\/a> <\/p>\n

Use of proceeds:<\/strong> Beltone will use the fresh capital to fuel expansion across its platforms, with a focus on entering high-growth markets, ramping up digitally scalable capabilities, broadening its product suite, and attracting top-tier talent to sustain operational excellence and innovation, the company said. FAB Misr was the receiving bank for the transaction.<\/span><\/p>\n

What they said:<\/strong> \u201cThis second capital increase marks a defining milestone in Beltone\u2019s growth journey, reflecting the trust we\u2019ve earned from our shareholders and the market\u2019s recognition of our strong and impactful growth,\u201d Group CEO Dalia Khorshid said in a statement. \u201cGuided by a data-driven strategy, and powered by an exceptional team, we are accelerating growth across our platforms, with a strong focus on strategic expansion, AI, and digital transformation.\u201d<\/p>\n

BACKGROUND- This is Beltone\u2019s second massive capital increase in two years<\/strong>, after the company completed a mega EGP 10 bn capital increase<\/a> on the EGX in 2023, which met with major demand from global and regional institutional investors. This came shortly after Abu Dhabi-based investment company Chimera Investments took a 56% stake<\/a> in 2022 and recruited an all-new team of senior execs, including Dalia Khorshid as CEO, to turn the company around post-acquisition.<\/p>\n

A new lease on life: <\/strong>Khorshid and her team have turned Beltone around, delivering nearly 5x bottom line growth in 2024 to 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

The capital raise brings Beltone\u2019s paid-in capital to EGP 21.4 bn<\/p>\n","protected":false},"author":1,"featured_media":102582,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[1547],"tags":[29],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","wpautop","entry"],"acf":{"mongo_id":"5abe7fe9-b652-4717-80aa-3a63f6d25849","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/758.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Chimera Investments\u2019 Egyptian financial services firm Beltone secures EGP 10.5 bn in capital increase","related_issue":[102563],"teaser":"The capital raise brings Beltone\u2019s paid-in capital to EGP 21.4 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.11e8c49a-fbc6-4449-b19c-a0fa9afec2f3.mp3"},"yoast_head":"\nChimera Investments\u2019 Egyptian financial services firm Beltone secures EGP 10.5 bn in capital increase - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/04\/14\/chimera-investments-egyptian-financial-services-firm-beltone-secures-egp-10-5-bn-in-capital-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chimera Investments\u2019 Egyptian financial services firm Beltone secures EGP 10.5 bn 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