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.