Beltone to launch private credit platform for Egyptian exporters
Beltone is launching a $100 million private credit platform to serve the needs of Egyptian exporters of all sizes.
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Beltone Investment Holding (BIH), a subsidiary of Beltone Holding, one of the fastest-growing financial institutions in the Middle East and North Africa, is launching a $100 million private credit platform to serve the needs of Egyptian exporters of all sizes.
“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,” said Beltone Holding CEO, Dalia Khorshid.
“Whether they’re looking to grow their offshore operations or expand their exports, these businesses need access to tailor-made financial solutions provided by a partner they can trust, and on a timeline that recognises the rapidly evolving nature of global business,” Khorshid continued.
The platform will work with businesses that have offshore projects or operations and will offer working capital finance and cashflow discounting services, among others. The platform has received all required licences and regulatory approvals to begin operations.
The platform will be financed through a $100 million loan from Beltone’s anchor shareholder.
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