Beltone SMEs, a part of the Beltone Holding has successfully increased its paid-in capital from EGP 250 million to EGP 500 million, demonstrating its strategic commitment to expanding operations and supporting Egypt’s dynamic small and medium enterprises (SME) sector.
Since receiving final approval from the Financial Regulatory Authority (FRA) for its SME finance license in August 2024, Beltone SMEs has grown its portfolio to over EGP 400 million. It provides financial support to more than 40 factories, helping them scale production and expand into new export markets. This positions Beltone SMEs as a leading player in Egypt’s SME financing landscape, offering essential financial resources to drive growth and innovation.
Ashraf Abdel Fattah, CEO of Beltone SMEs, emphasized the company’s ambitious growth plans, saying: “We are on track to achieve a portfolio of EGP 1 billion by the end of 2024. This paid-in capital expansion enables us to further accelerate our efforts to support the SME sector, which is a key driver of Egypt’s economic growth.”
