In a move symbolizing the dynamic momentum of Egypt’s capital markets, Ahmed El-Sheikh, Chairman of the Egyptian Exchange (EGX), led the ceremonial bell-ringing session on Wednesday, April 16, 2025. The event, held at EGX headquarters in Cairo, marked the official celebration of Beltone Holding’s latest capital increase — a strategic milestone for one of Egypt’s leading financial services firms.
The “Ring the Bell” ceremony brought together key market leaders, including Heba El-Serafi, Vice Chairperson of EGX, and Dr. Dalia Khorshid, CEO and Managing Director of Beltone Holding (BTFH.CA). The event is not only a recognition of Beltone’s successful capital raise, but also as a testament to the exchange’s growing role in supporting corporate expansion and economic development across Egypt.
Driving Growth Through Capital Markets
Speaking at the event, El-Sheikh emphasized the Egyptian Exchange’s critical mission in mobilizing capital to power national development. “The stock exchange plays a central role as a funding platform, enabling companies to grow, scale, and ultimately drive Egypt’s economic resurgence,” he noted. “These capital increases are not mere transactions of existing shares — they are a direct form of investment, channeling fresh funds into companies and empowering them to create jobs, offer new products, and expand into export markets.”
He added that such transactions serve as a conduit for attracting foreign currency and boosting investor confidence in Egypt’s financial ecosystem.
Beltone Holding’s Strategic Leap
Beltone Holding, a cornerstone of Egypt’s investment landscape, continues to cement its status as a financial powerhouse. Under the leadership of Dr. Dalia Khorshid, the company has pursued aggressive growth and expansion strategies. The capital increase signals the firm’s ambitions to further scale operations, innovate its service offerings, and capitalize on domestic and regional market opportunities.
Dr. Khorshid praised the partnership with EGX, stating, “This milestone reaffirms our belief in the resilience of Egypt’s financial sector. The successful capital increase strengthens our foundation to unlock new value for our shareholders and the wider economy.”
A Growing Appetite for Capital Inflows
The ceremony comes at a time when Egypt is working to position itself as a regional hub for investment and finance. With inflationary pressures gradually easing and structural reforms underway, analysts suggest the EGX is poised for a bullish resurgence.
“Events like today’s bell-ringing are more than symbolic — they send a clear signal to local and international investors that the Egyptian market is open for business and innovation,” said a senior analyst from Cairo-based investment bank CI Capital.
