Beltone Holding announces that its Board of Directors has approved proceeding with all legal and regulatory procedures to increase the company’s capital by EGP 10.75 bn, Invest-Gate reports.

This decision follows the successful capital increase of EGP 10 bn last year.

The Board of Directors’ approval supports the company’s growth strategy to strengthen its market position by leveraging data science to expand its innovative financial services and diversify its product offerings.

Dalia Khorshid, Group CEO and Managing Director of Beltone Holding, commented, “This decision represents a significant step in accelerating our data-driven strategy and sustainable growth. By further leveraging technology and artificial intelligence, along with investing in human capital, we are committed to achieving a transformational impact in the financial services sector, creating long-term value for our shareholders.”