In a strategic move reflecting confidence in its current direction, Beltone Holding has reappointed Dalia Khorshid as Chief Executive Officer (CEO) and Managing Director for a new three-year term. The decision was approved during the company’s Ordinary General Assembly, underscoring Khorshid’s pivotal role in Beltone’s recent transformation and expansion efforts.
Alongside Khorshid’s reappointment, the General Assembly elected four board members representing the company’s principal shareholder, Chimpe 1 Investment SPV RSC LTD. These include Sayed Basha Shoaib, who will serve as Non-Executive Chairman, Mohamed Hesham Abdel Moneim and Miryam Khalaf as Non-Executive Board Members, and Dalia Khorshid in her executive role. Additionally, the assembly approved the inclusion of two independent members, in alignment with governance regulations set by Egypt’s Financial Regulatory Authority (FRA).
Exceptional Financial Performance in H1 2025
Beltone Holding’s financial results for the first half of 2025 were nothing short of remarkable. The company recorded a net profit of 1.3 billion Egyptian pounds, representing a 60 percent year-on-year increase. Consolidated operating revenues surged to 6.3 billion pounds, marking a 115 percent growth compared to the same period last year. Meanwhile, the company’s non-banking credit portfolio expanded to 34.8 billion pounds, reflecting a 109 percent increase—a testament to its success in scaling its financing operations.
These results reflect the effectiveness of Beltone’s comprehensive growth strategy, which focuses on integrating its investment banking and non-banking financial services under a unified platform. The company attributed its performance to aggressive market penetration, expanded client services, and enhanced operational efficiency across its business units.
Record Deal Flow
Beltone’s investment banking platform delivered robust growth during the reporting period. Operating revenues from the division reached 1.1 billion pounds, representing a 137 percent increase year-on-year. This growth was driven largely by the firm’s strong performance in capital markets and debt advisory services.
Revenues from equity and debt capital market transactions surged to 582 million pounds, a staggering 597 percent increase. This exponential growth was fueled by Beltone’s successful execution of high-profile deals across multiple sectors, positioning the firm as a key player in Egypt’s evolving financial market landscape.
Upward Trajectory
Beltone’s brokerage division also recorded solid gains, with revenues rising to 474 million pounds, a 41 percent increase from the previous year. This growth was attributed to a significant rise in margin lending—reportedly up by 319 percent—along with a broader client base and increased trading volumes through the company’s subsidiaries.
The asset management division reaffirmed its market leadership by maintaining its status as Egypt’s largest independent asset manager. Total assets under management climbed to 27.3 billion pounds, bolstered by consistent fund performance and investor demand for professionally managed investment solutions.
Dalia Khorshid’s Forward-Looking Vision
Dalia Khorshid, a veteran of Egypt’s financial and governmental sectors, has been instrumental in steering Beltone through a period of profound change. Since taking over the leadership, she has redefined the firm’s strategic roadmap, focusing on diversification, regional expansion, digital innovation, and integration across business lines.
Her reappointment for another three-year term reflects the board’s confidence in her leadership and the company’s commitment to sustained growth. Under Khorshid’s direction, Beltone has not only recovered from past challenges but emerged as a frontrunner in the region’s investment and financial services sector.
Beltone’s Strategy Towards Regional Growth and Innovation
Looking ahead, Beltone Holding plans to build on its recent momentum by expanding its footprint across the MENA region and further diversifying its financial offerings. The company aims to enhance the synergy between its banking and non-banking platforms, while investing in digital infrastructure to streamline operations and elevate client experiences.
