Beltone Announces Board Approval for an Additional Capital Increase of EGP10.75 Billion Driving Its Expansion and Growth Strategy

Beltone Holding (“Beltone” or the “Company”) announces that its Board of Directors has approved to proceed with all legal and regulatory procedures to increase the Company’s capital with an amount of EGP10.75 billion. This decision comes after the successful capital increase of EGP10 billion last year

The Board of Directors' approval supports the Company's growth strategy to strengthen its market position, leveraging data science to expand its innovative financial services and diversify its product offerings.

Dalia Khorshid, Group CEO of Beltone Holding and Managing Director, commented, “This decision represents a significant step in accelerating our data-driven strategy and sustainable growth. By further leveraging technology and artificial intelligence, along with investing in human capital, we are committed to achieving a transformational impact in the financial services sector creating long-term value for our shareholders.”