Chimera Investment acquires controlling stake in Egypt-based Beltone Financial Holding
Chimera Investment acquires controlling stake in Egypt-based Beltone Financial Holding Submitted 09|08|2022 - 8:53am Chimera Investment (Chimera), an Abu Dhabi-based private investment firm managing a diversified portfolio of local and international investments, has acquired a majority stake in Beltone Financial Holding SAE (Beltone)an Egypt-based financial services provider. Chimera acquired the 55.9% stake at a price of EGP1.485 per Beltone share. The deal is in-line with Chimera’s broader strategy towards long-term value creation investments and further expands its presence in regional economies. Following the board meeting held by Beltone on 08 August 2022, the company has announced the appointment of H E Dalia Khorshid as new CEO of Beltone. H E brings a wealth of experience in International Investment Banking and Corporate Finance to the company. Established in 2006, Beltone offers brokerage, investment banking, asset management, equity research services and a wide range of NBFI services that include leasing, consumer finance and venture capital platforms.
Chimera Investment acquires controlling stake in Egypt-based Beltone Financial Holding
Chimera Investment acquires controlling stake in Egypt-based Beltone Financial Holding Submitted 09|08|2022 - 8:53am Chimera Investment (Chimera), an Abu Dhabi-based private investment firm managing a diversified portfolio of local and international investments, has acquired a majority stake in Beltone Financial Holding SAE (Beltone)an Egypt-based financial services provider. Chimera acquired the 55.9% stake at a price of EGP1.485 per Beltone share. The deal is in-line with Chimera’s broader strategy towards long-term value creation investments and further expands its presence in regional economies. Following the board meeting held by Beltone on 08 August 2022, the company has announced the appointment of H E Dalia Khorshid as new CEO of Beltone. H E brings a wealth of experience in International Investment Banking and Corporate Finance to the company. Established in 2006, Beltone offers brokerage, investment banking, asset management, equity research services and a wide range of NBFI services that include leasing, consumer finance and venture capital platforms.