Back to the complete issue
Tuesday, 9 August 2022

Dalia Khorshid appointed Beltone CEO

Former investment minister and Masar chairwoman Dalia Khorshid (LinkedIn) has been appointed the new managing director and CEO of Beltone Financial effective today, Hapi Journal reports. The decision was made at a board meeting yesterday called by the company’s new majority shareholder Chimera Investments which acquired a 56% stake last week. Khorshid replaces Ibrahim Karam (LinkedIn) who will remain a non-executive board member.

WATCH THIS SPACE- Beltone will convene its general assembly on 31 August to restructure the board following the change of ownership, the newspaper reports, citing sources familiar with the matter.

ALSO- Aladdin ElAfifi (LinkedIn) has stepped down from his role as non-executive board member at Beltone after assuming a new position as CEO of EFG Hermes’ non-bank financial institutions (NBFI) platform.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.