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Egypt: Beltone secures $196mln after concluding 2nd capital hike
Egypt: Beltone secures $196mln after concluding 2nd capital hike

Zawya

time14-04-2025

  • Business
  • Zawya

Egypt: Beltone secures $196mln after concluding 2nd capital hike

Arab Finance: Beltone Holding has completed its second capital increase, securing EGP10.5 billion with a remarkable 98% subscription coverage, according to a press release. The EGX-listed firm will use the proceeds from the capital increase to accelerate growth across its platforms, expand its business into high-growth markets, and enhance its digitally scalable capabilities. Beltone aims to increase its product offerings and attract high talent to drive operational excellence and innovation. Meanwhile, FABMISR acted as the Subscription Receiving bank. 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,' Khorshid added. In 2024, Beltone recorded consolidated operating revenues amounting to EGP 7.2 billion, while the net profits exceeded EGP 1.7 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (

Jekar Khorshid discusses vision in children's literature
Jekar Khorshid discusses vision in children's literature

Sharjah 24

time02-03-2025

  • Entertainment
  • Sharjah 24

Jekar Khorshid discusses vision in children's literature

Exploring the nature of childhood curiosity Obeidat opened the session by exploring the nature of childhood curiosity, emphasising that children are filled with questions from birth. She highlighted Khorshid's literary journey, which began with his award-winning book "The Jackal and the Lion" and has since produced over 350 published works. His latest series, inspired by Jalal al-Din Rumi's philosophy, encourages reflection and imagination in young readers. Learning Khorshid stressed that children learn best through exploration rather than ready-made answers. His books focus on love, peace, and human values, expressed in poetic, thought-provoking phrases designed to inspire self-discovery and creativity .

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