Beltone Investment Holding (BIH), a subsidiary of Beltone Holding, one of the fastest-growing financial institutions in the Middle East and North Africa, is set to launch a private credit platform worth $100 mn (approximately EGP 5 bn), Invest-Gate reports.

The platform aims to cater to the needs of Egyptian export champions of all sizes.

Dalia Khorshid, Beltone Holding CEO, explained that Egypt is home to numerous companies that represent the future pillars of a diverse, export-oriented economy. These companies span both traditional industries and emerging sectors such as artificial intelligence, manufacturing, agriculture, and tourism.

Khorshid emphasized that these businesses require access to customized financial solutions from a trusted partner, delivered within a timeframe that acknowledges the rapidly changing nature of global business.

Furthermore, Mohamed Aboulfadl, Head of Investment Bank, expressed that the launch of this platform formalizes Beltone’s commitment to fostering the next generation of Egyptian giants. These companies will serve as ambassadors for the nation, expanding their presence into the Arab Gulf, Africa, and beyond.

Aboulfadl also noted that the platform’s size will expand over time in response to market demand.

The platform will collaborate with businesses involved in offshore projects or operations and will provide services such as working capital finance and cashflow discounting. All necessary licenses and regulatory approvals have been obtained to commence operations.

To finance the platform, Beltone will secure a $100 mn loan from its anchor shareholder. Shareholders approved the loan during an ordinary general meeting held on April 29, 2024.