Friday, June 21, 2024
HomeFundingBeltone Holding Launch USD 100 Million private credit platform tailored for...

Beltone Holding Launch USD 100 Million private credit platform tailored for Egyptian Export Champions

A USD 100 million private lending platform designed specifically for Egyptian export champions is introduced by Beltone Investment Holding, a well-known financial institution in the Middle East and North Africa and a subsidiary of Beltone Holding.

A USD 100 million private lending platform designed specifically for Egyptian export champions is introduced by Beltone Investment Holding, a well-known financial institution in the Middle East and North Africa and a subsidiary of Beltone Holding.

CEO Dalia Khorshid emphasises the variety of Egypt’s economy and stresses the value of offering specialised financing options to assist companies in a range of fields, from manufacturing and artificial intelligence to more established ones like traditional industries.

Read also – India-Based Pharmacy platform PharmEasy Secures $216 Million in Funding

The head of Investment Bank, Mohamed Aboulfadl, highlights the platform’s contribution to the international expansion of Egyptian businesses, and he aims to gradually increase the platform’s size in response to market demand.

In an effort to support Egypt’s export industry, Beltone Investment Holding, a division of Beltone Holding and a well-known financial organisation in the Middle East and North Africa, has revealed plans to launch a USD 100 million private lending platform.

Read also – Philippines-Based Startup Higala Secures Seed Funding

The objective of this programme is to support Egyptian export champions in a variety of industries financially.

The CEO of Beltone Holding, Dalia Khorshid, expressed optimism about Egypt’s economic situation while showcasing the wide range of businesses in the nation that are positioned to create an export-driven economy.

“Egypt is home to a vast number of companies who are the future cornerstones of a diverse, export-oriented economy rooted in both traditional industries and the sectors of tomorrow from artificial intelligence to manufacturing, from agriculture to tourism,” added Khorshid.

She underlined how these companies need customised financing options to help them grow their offshore operations and increase exports. Beltone’s dedication to fostering the expansion of Egyptian businesses on the international scene is demonstrated by the creation of the private financing platform.

The platform is ready to offer a variety of financial services designed specifically for companies that have operations or projects overseas. Among other things, these services will offer cash flow discounting and working capital financing. Crucially, the platform is ready to launch right now because it has obtained the required licences and governmental approvals. An initial loan of USD 100 million from Beltone’s anchor shareholder has funded the platform.

About Beltone Holding

Beltone Holding is a well-known provider of financial services with a long history of success. In addition to end-to-end non-banking financial institutions like leasing, factoring, consumer finance, venture capital, mortgage finance, and microfinance, the company provides a wide range and expanding array of financial solutions, including brokerage, investment banking, asset management, equity research, and private equity.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular