Latest news with #DaliaKhorshid
Zawya
15-05-2025
- Business
- Zawya
Egypt: Beltone Holding reports $55mln in revenues in net profit for Q1 2025
Egypt - 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 div 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.
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:
Daily News Egypt
15-04-2025
- Business
- Daily News Egypt
Beltone Holding completes EGP 10.5bn capital increase to power strategic expansion
Beltone Holding has completed its second capital increase, raising EGP 10.5bn with an impressive 98% subscription rate. The majority of this funding was secured through foreign investments, underscoring the strong confidence international investors have in the company's long-term growth strategy. Group CEO and Managing Director Dalia Khorshid described the capital increase as a pivotal moment in Beltone's expansion journey. 'This second capital increase marks a defining milestone in Beltone's growth journey, reflecting the trust we've earned from our shareholders and the market's recognition of our strong and impactful growth,' she said. 'Guided 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.' The new capital will be deployed to support Beltone's strategic goals, including expansion into high-growth markets, enhancement of digitally scalable platforms, diversification of product offerings, and the recruitment of top-tier talent to further strengthen operational efficiency and innovation. The capital raise comes on the heels of Beltone's robust 2024 financial performance, which signaled a major shift into a new phase of accelerated growth. The company reported consolidated operating revenues of EGP 7.2bn—nearly quadrupling year-on-year—while net profit soared more than 4.6x to exceed EGP 1.7bn. This growth was driven by strong performance across Beltone's business segments, with the Non-Banking Financial Institutions (NBFIs) platform generating EGP 5.8bn in operating revenues, nearly a six-fold increase. Meanwhile, the Investment Banking platform posted revenues of EGP 1.3bn, up 2.4 times compared to the previous year. The successful capital increase reinforces Beltone Holding's positioning as a dynamic, future-focused financial powerhouse committed to delivering sustainable value for its shareholders and the broader market. FABMISR served as the subscription receiving bank for the capital increase.
Khaleej Times
14-04-2025
- Business
- Khaleej Times
For the second time, Beltone Holding successfully completes its capital increase
Beltone Holding has successfully completed its second capital increase, securing EGP10.5 billion with a 98% subscription coverage. This outstanding result is a clear reflection of the confidence placed in the company by both shareholders and the market, reinforcing its successful growth and strong market position. The majority of the subscription was secured through foreign investments, highlighting the strong confidence international investors have in Beltone's strategy for sustainable growth. Dalia Khorshid, Group CEO and Managing Director, commented: 'This second capital increase marks a defining milestone in Beltone's growth journey, reflecting the trust we've earned from our shareholders and the market's recognition of our strong and impactful growth. Guided 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.' The proceeds from the capital increase will be strategically deployed to fuel Beltone's growth across its platforms, focusing on expanding into high-growth markets, enhancing its digitally scalable capabilities, broadening its product offerings, and attracting top-tier talent to continue driving operational excellence and innovation. In 2024, Beltone posted record-breaking financial results that underscore its transition into a strong growth phase. Consolidated operating revenues reached EGP7.2 billion, growing nearly 4x year-on-year, while net profit surged 4.6x year-on-year to exceed EGP1.7 billion. This exceptional performance was driven by significant contributions from across the company's platforms, led by the Non-Banking Financial Institutions (NBFIs) platform, which generated EGP5.8 billion in operating revenues, an almost 6x increase year-on-year—and the Investment Banking platform, which recorded revenues of EGP1.3 billion, up 2.4x year-on-year. This successful capital raise reinforces Beltone's position as a future-focused financial powerhouse, committed to delivering sustainable growth and value creation for all stakeholders. FABMISR acted as the subscription receiving bank.
