Beltone Holding
Beltone Holding is a Cairo-based financial group listed on the Egyptian Exchange, with businesses in non-bank lending, securities brokerage, investment banking, asset management and venture capital.
Industry: Financial services | Location: New Cairo, Egypt | Founded: 2006
About Beltone Holding
Beltone Holding is a Cairo-based financial group listed on the Egyptian Exchange under the ticker BTFH. Its address is in New Cairo, and it says it operates in eight countries across North and Sub-Saharan Africa. It describes its businesses as leasing and factoring, mortgage finance, consumer finance, SME and microfinance lending, asset management, securities brokerage, investment banking, private equity and venture capital. It is a member of International Holding Company, a UAE holding company.
Dalia Khorshid is group chief executive and managing director, and Syed Basar Shueb is chairman, according to the group's website. The company states, without a date, that it has more than 24 subsidiaries, over 5,400 employees and EGP 136 billion in assets under management.
Group units named in coverage include Beltone Asset Management, led by chief executive Khaled Darwish, Beltone Venture Capital, and the consumer finance business seven. In February 2025 the group acquired Sodic Securitization Company, and in December 2025 it acquired Lumen Aegis Enterprises SPV.
Beltone Venture Capital, whose chief executive is Ali Mokhtar, backed ariika and Lychee in 2023 and was increasing its stakes in June 2026. It led a 2024 pre-Series A round in the proptech platform BirdNest and partially exited it in August 2026 at a 3.5x multiple and 80 percent internal rate of return, according to TechScoop. In October 2026 Beltone Asset Management and Amtaar Capital were reported to be planning a property fund targeting EGP 2 billion, about 38 million US dollars.
The group completed a capital increase of EGP 10 billion in 2023 and a second of EGP 10.5 billion in April 2025, which it described as the largest cash capital increase in the history of the Egyptian Exchange, with 98 percent subscription coverage and most demand from foreign investors.
For the year ended 31 December 2025, Invest-Gate reported operating revenue of EGP 12.8 billion, up 73 percent, and net profit after tax and minority interest of EGP 1.3 billion, down 21 percent, which it attributed mainly to foreign exchange losses.
Leadership
- Dalia Khorshid, Group Chief Executive Officer and Managing Director
- Syed Basar Shueb, Chairman
- Ali Mokhtar, Chief Executive Officer, Beltone Venture Capital
- Khaled Darwish, Chief Executive Officer, Beltone Asset Management