Latest news with #Beltone
Zawya
20-05-2025
- Business
- Zawya
Beltone Leasing and Factoring successfully closes second securitization bond in less than 9 months for EGP2bln
Cairo: Beltone Holding ("Beltone") announces that its wholly owned subsidiary, Beltone Leasing and Factoring, has successfully concluded its second securitization issuance in less than a year, with a total value of EGP2 billion. Led by Beltone Investment Banking's Debt Capital Markets Division as financial advisor, lead manager, and bookrunner, the transaction reinforces Beltone's position as a key player in Egypt's capital markets. The issuance was executed through Beltone Securitization Company and rated by Middle East Rating and Investors Services (MERIS). Underwriting was led by Banque du Caire, Suez Canal Bank, and First Abu Dhabi Bank Egypt (FAB Misr). Banque du Caire also served as placement agent, while Suez Canal Bank acted as custodian. The transaction attracted strong investor interest, with participation from Emirates NBD Egypt, Société Arabe Internationale de Banque (SAIB), and Attijariwafa Bank. ALC Al-Weshahi & Partners provided legal counsel, and KPMG acted as external auditor. 'Completing two securitization issuances in less than a year reaffirms the strength and resilience of our portfolio, as well as the market's confidence in our strategic growth plans,' said Amir Ghannam, Deputy Head of Non-Banking Financial Services for Leasing, Factoring, and Consumer Finance. 'This second issuance is a significant milestone that reflects our commitment to developing financing solutions that meet the evolving needs of our clients' needs and contribute to sustainable growth in the financial sector." Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets, added: 'This transaction showcases our strong structuring capabilities and our agility in executing securitization deals that align with the demands of the debt market. We're proud to be driving the development of a more dynamic, accessible financial ecosystem that empowers businesses and expands access to diversified debt financing solutions.' Its worth noting that the issuance was executed through Beltone Securitization Company and rated by MERIS, it was structured into three tranches: EGP731 million (25 months), EGP698 million (37 months), and EGP581 million (54 months), each with a minimum credit rating of 'A'.
Zawya
18-05-2025
- Business
- Zawya
Beltone Investment Banking concludes EGP500mln securitized bond issuance for Jameel Finance-Egypt
Cairo – Beltone Investment Banking, a wholly owned subsidiary of Beltone Holding, has successfully arranged the first securitization issuance for Jameel Finance-Egypt under its fifth program, totaling EGP500 million. This transaction reinforces Beltone's position as a leader in Egypt's debt capital markets. The issuance was structured across three tranches: Tranche A, valued at EGP120 million with a maturity period of 12 months; the second valued at EGP268 million with a 36-month maturity; and the third valued at EGP112 million with a 48-month maturity. The first tranche received a Prime 1 rating—the highest credit rating awarded by MERIS (Middle East Rating & Investors Service). Meanwhile, the second and third tranches were assigned an 'A' rating. This flexible structure provides a balanced mix of risk and return, catering to a broad range of institutional investors. Beltone Investment Banking acted as financial advisor, lead arranger, and bookrunner for the deal, which was executed through Tamweel Securitization. Key partners included Dreny & Partners (legal advisor), Baker Tilly (external auditor), and Suez Canal Bank (custodian and placement agent), with underwriting led by Suez Canal Bank and Banque du Caire, while Beltone Asset Management participated as a subscriber. Building on Beltone Investment Banking's ongoing efforts to expand access to diversified and efficient financing tools, the successful closure of this transaction highlights Beltone's commitment to supporting sustainable growth across Egypt's debt capital markets. Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets at Beltone Holding, commented: 'This issuance reflects our continued strategy to provide clients with tailored, market-driven funding solutions that enable long-term financial stability and flexibility. We're proud to have partnered with Jameel Finance- Egypt part of Abdullatif Jameel Group in this debut securitization. Their trust in our capabilities is a strong endorsement of the value we aim to deliver through our debt capital markets platform. Looking ahead, we remain focused on expanding our presence in the debt capital markets through innovative structures that respond to our clients' evolving needs and the dynamic nature of the financial landscape.' About Beltone Investment Banking: Beltone Investment Banking, a wholly owned subsidiary of Beltone Financial Holding, is a regional one-stop-shop for advisory and capital raising. With a team of skilled professionals who have accumulated critical knowledge and expertise from dealing with leading regional and international investment banks, Beltone Investment Banking has successfully executed deals totaling EGP126 billion across local and regional markets, with regional mandates that capitalize on high-growth sectors. About Beltone Holding: Beltone Holding (Egyptian Stock Exchange Code: is a leading provider of financial services with a distinguished track record spanning decades in the Middle East and North Africa. The Company offers a comprehensive and expanding range of financial solutions and services, including securities brokerage, underwriting and advisory services, asset management, research, and direct investment, as well as non-banking financial services such as leasing, factoring, consumer finance, venture capital, microfinance, real estate finance, and small and medium-sized enterprise (SME) financing. The company has an ambitious vision to revolutionize the financial sector in the region, leveraging the global expertise and knowledge of its team to provide innovative, value-added solutions, create additional opportunities for its clients, enhance market value, and achieve impactful results. For more information, please visit the company's website: Investor Relations: ir@ About Jameel Finance, Egypt: Jameel Finance, Egypt has been operating in the Egyptian market for 25 years providing innovative and reliable financing solutions to its customers, including consumer and vehicle financing services to meet customers' needs and improve their quality of life. Jameel Finance, Egypt is a trusted partner to both individuals and corporates, helping achieve their financial aspirations. Registered with the Financial Regulatory Authority (FRA) under License No. (16) of 2020. For more information, please visit the website:
Zawya
15-05-2025
- Business
- Zawya
Egypt: Beltone's consolidated profits grow 36.93% YoY in Q1 2025
Arab Finance: Beltone Financial Holding recorded consolidated net profits after tax and non-controlling interest of EGP 702.653 million in the first quarter (Q1) of 2025, a jump of 36.93% year on year (YoY) from EGP 513.605 million, according to the financial statement released on May 14th. Total operating revenues amounted to EGP 2.822 billion in Q1 2025, up from EGP 1.335 million in the year-ago period. As for the standalone financials, the company reported net profits after tax of EGP 22.800 million in the three months to March 31st, compared to net losses of EGP 263.895 million in the corresponding period last year. Beltone is an Egypt-based company, which operates within the diversified financial sector focusing on investment banking and brokerage. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
14-05-2025
- Business
- Daily News Egypt
Beltone Holding reports EGP 2.8bn in revenues, EGP 703m in net profit for Q1 2025
Beltone Holding has announced strong financial results for the first quarter (Q1) of 2025, with consolidated operating revenues reaching EGP 2.8bn—a 2.2x increase year-on-year. Net profit surged to EGP 703m, marking a 1.4x year-on-year growth. The Group's total outstanding lending portfolio also saw significant growth, more than doubling to EGP 30.2bn. Commenting on the results, Group CEO and Managing Director Dalia Khorshid said: 'Our Q1 performance underscores the strength of our data-driven growth strategy and resilient business model. These results set a solid foundation for what we aim to achieve in 2025 and beyond. With a second historic capital increase recently concluded, we're entering the next phase with renewed confidence, supported by the trust of our shareholders and the market.' Beltone's non-banking financial institutions (NBFI) platform delivered robust performance, with operating revenue rising to EGP 2.3bn—more than double the figure from Q1 2024. This growth was driven by new product launches and increased market share, supported by strong results across leasing, factoring, mortgages, consumer and microfinance, venture capital, and the newly introduced SME financing. Meanwhile, the investment banking platform recorded EGP 531m in operating revenue, also reflecting a 2.2x year-on-year increase. The investment banking division posted a standout performance with revenues jumping 6.7x year-on-year, highlighting the growing momentum across its expanded offerings. Securities brokerage and asset management together contributed 50% of the platform's total revenue.
Zawya
14-05-2025
- Business
- Zawya
Beltone Holding kicks-off the year with strong 1Q2025 results
Beltone continues building on exceptional 2024 results with record-breaking quarterly revenues and net profits, while the total lending portfolio crosses EGP30 billion Cairo: Beltone Holding ( announced its financial results for 1Q2025. Beltone has delivered yet another set of outstanding results, reinforcing its position as a leader in the industry. Building on the momentum of last year's remarkable success, the company leveraged its data-driven approach and proven growth strategies to achieve exceptional results in the first quarter of 2025. In 1Q2025, Beltone recorded robust consolidated operating revenues of EGP2.8 billion, marking a 2.2x year-on-year surge. Net profit climbed to EGP703 million, reflecting a 1.4x year-on-year increase. Meanwhile, the Group's total outstanding lending portfolio grew 2.1x year-on-year, reaching EGP30.2 billion in 1Q2025. Dalia Khorshid, Group CEO and Managing Director, commented: 'Our first quarter results continue to showcase the effectiveness of our data-backed growth strategy and business model, and set the tone for what we are looking to achieve in 2025 and beyond. Our ability to drive broad-based growth across our comprehensive offering reflects a relentless focus on strategic expansion, AI, and digital transformation, three pillars which will remain key engines of future growth as we expand further locally and across high-potential, scalable markets. Having recently closed a second historic capital increase, we look at the coming period with renewed optimism fueled by the continued confidence placed in the company by both shareholders and the market.' The NBFIs platform reported solid first quarter results, with operating revenue growing 2.2x year-on-year to EGP2.3 billion on the back of new product launches and market share expansion. The strong start of the year was supported by notable performances across leasing and factoring, mortgage, consumer finance, microfinance, venture capital, as well as the recently launched SME financing. The Investment Bank Platform reported operating revenue of EGP 531 million during first quarter of the year, a 2.2x year-on-year growth. Results were supported by a noteworthy start to the year at the investment banking division, which saw revenues surging 6.7x year-on-year, displaying the strong traction across the division's expanded offering. Meanwhile, securities brokerage and asset management supported the platform's operating revenue growth, contributing 50% collectively. About Beltone Holding: Beltone Holding (EGX: is a leading financial services provider with a multi-decade track record of success in the MENA region. The Company offers a comprehensive and growing set of financial solutions such as brokerage, investment banking, asset management, equity research, and private equity, in addition to end-to-end non-banking financial institutions (NBFIs) including leasing, factoring, consumer finance, venture capital, mortgage finance, microfinance and small to medium enterprises. The Company is driven by a vision to redefine the financial ecosystem in the region by capitalizing on global expertise, knowledge, and disruptive, value-accretive solutions that unlock limitless opportunities for clients, to drive market value and impactful results. For more information, please visit the company's website:
