Beltone Holding (BTFH)

Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has inked a leasing and factoring deal with Madkour Group at a value of EGP 400 million. The agreement includes a sales and leaseback arrangement for Madkour Group's …

Cairo – Mubasher: Beltone Holding swung to consolidated net profits valued at EGP 888.78 million in the first half (H1) of 2024, against net losses of EGP 145.89 million in H1-23. Net sales enlarged to EGP 2.94 billion in January-June 2024 from …

Cairo – Mubasher: Beltone Mortgage, a subsidiary of Beltone Holding, has captured a 22.25% market share in the Egyptian market during the first half (H1) of 2024. In H1-24, the company provided real estate financing totalling EGP 2.60 billion to …

Cairo – Mubasher: Beltone Holding shifted to a consolidated net profit of EGP 548.20 million in the first quarter (Q1) of 2024, versus a net loss of EGP 52.03 million in Q1-23. Consolidated total revenues soared to EGP 1.36 billion in Q1-24 from …

Cairo – Mubasher: Cash for Microfinance, a subsidiary of Beltone Holding, has signed a cooperation protocol with Microfinanza Italia to launch a EUR 2.20 million project for the economic support and empowerment of entrepreneurs. The agreement aims …

Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has signed a sale and leaseback agreement and factoring facility amounting to EGP400 million with IL Cazar for Urban Development. The joint deal includes a sale and …

Cairo – Mubasher: Beltone Holding has signed a strategic partnership agreement with Abu Dhabi-based Comera Financial Holding to bolster digital transformation and customer experience in Egypt. Under the agreement, the two companies will join …

Cairo – Mubasher: Beltone Investment Holding (BIH), a subsidiary of Beltone Holding, is set to launch a $100 million private credit platform. The new platform will serve Egyptian exporters, according to a press release. The platform will …

Cairo – Mubasher: Beltone Venture Capital, a subsidiary of Beltone Holding, penned a deal with CI Venture Capital, a wholly-owned unit of Abu Dhabi-based Citadel International Holdings, to manage a $30 million fund. The fund, which began deploying …

Cairo – Mubasher: Beltone Holding’s consolidated net operating profit skyrocketed 3,597% year-on-year (YoY) to EGP 1.02 billion in 2023 from EGP 27.80 million. The consolidated operating revenue surged 411% YoY to EGP 1.87 billion last year from …

Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has signed an EGP 925 million syndicated factoring deal for Redcon Properties. The agreement is aimed at providing financial support to Redcon Properties, the real …

Cairo – Mubasher: Beltone Holding has entered into a multidimensional collaboration agreement with the BOA Group, the holding company managing the Sub-Saharan subsidiaries of Bank of Africa - BMCE Group. The Egyptian company is mulling over …

Cairo – Mubasher: The extraordinary general meeting (EGM) of Beltone Financial Holding agreed to change the company’s name to Beltone Holding. The shareholders greenlighted the rebranding during their meeting that was held on 1 February 2024, …

Cairo – Mubasher: Beltone Leasing and Factoring Company, a fully-owned subsidiary of Beltone Financial Holding, penned a club deal agreement with Cairo Leasing Corporation and Easy Lease. Through the partnership, Beltone seeks to finance Egyptians …

Cairo – Mubasher: Beltone Asset Management, a wholly-owned subsidiary of Beltone Financial Holding, has launched Beltone Evolve Gold Fund Sabayek, according to a press release. Co-sponsored by Beltone Securities Holding and Evolve Investment …

Cairo – Mubasher: Beltone Leasing and Factoring Company, a wholly owned subsidiary of Beltone Financial Holding, signed a sale and leaseback agreement worth EGP 250 million with Kandil Glass. The deal covers the sale and leaseback of real estate …

Cairo – Mubasher: Beltone Financial Holding announced that its wholly owned subsidiary Beltone Capital and its investment platform NEPIT plan to acquire a 51% stake in the National Seeds Company (NSC). Beltone highlighted that the transaction is …

Cairo – Mubasher: Healthy Food and Beverage (F&B) brand Lychee Egypt unveiled expansion plans to enter the Gulf area which will follow its first investment in the Saudi Arabian market, according to a press release. Entering the Saudi market is …

Cairo – Mubasher: Beltone Leasing and Factoring Company, a fully-owned subsidiary of Beltone Financial Holding, inked an agreement worth EGP 200 million with the Egyptian Company for Import and Export (EGMED). The agreement marks Beltone Leasing’s …

Cairo – Mubasher: Beltone Financial Holding turned profitable at EGP 85.77 million in the first nine months (9M) of 2023, against consolidated net losses after tax valued at EGP 139.88 million in 9M-22 Total operating revenues amounted to EGP …

Cairo – Mubasher: Beltone Leasing and Factoring Company, a wholly owned subsidiary of Beltone Financial Holding, has signed a sale and leaseback agreement with Al Ahly Sabbour for Real Estate Developments. The deal covers the sale and leaseback of …

Cairo – Mubasher: Beltone Capital, a wholly owned subsidiary of Beltone Financial Holding, signed a framework agreement with CRIF to enhance the digital banking services in Egypt as well as the MENA region. The two entities will cooperate on …

Cairo – Mubasher: Beltone Financial Holding obtained the approval of its shareholders to buy an administrative building from the Six of October Development and Investment (SODIC). Belton will ink the EGP 1.11 billion purchase deal with the Sixth …

Cairo – Mubasher: Beltone Financial Holding incurred net losses after tax valued at EGP 145.89 million in the first half (H1) of 2023, marking a year-on-year (YoY) surge from EGP 105.58 million. Total revenues amounted to EGP 292.58 million in the …

Cairo – Mubasher: Sehatech, a leading health tech startup in Egypt, has raised $850,000 in a funding round from A15 and Beltone Venture Capital (VC) of Beltone Financial Holding, according to a press release. The startup will use the investment to …