Abu Dhabi’s Chimera Investment takes 55.9% in Egypt’s Beltone

Dubai: Abu Dhabi-headquartered Chimera Investment has bought 55.9 per cent in Egypt’s Beltone Financial Holding for 1.485 Egyptian pounds a share. For Chimera, this part of its broader strategy towards ‘long-term value creation investments’ expands its presence in regional economies.

Beltone, set up in 2006, is a financial services provider in Egypt offering brokerage, investment banking, asset management, equity research services, and a wide range of NBFI (non-banking financial) services that include leasing, consumer finance, and venture capital platforms.

A listed company on EGX, it is regulated by the Financial Regulatory Authority of Egypt.

Dalia Khorshid is the new CEO of Beltone.