A prominent financial services firm in Egypt has successfully completed its second securitization issuance in less than a year, raising a total of EGP2 billion. Beltone Holding (“Beltone”) announces this achievement underscores the firm’s robust financial health and its pivotal role in the nation’s capital markets.
The transaction was spearheaded by the firm’s Investment Banking arm, specifically its Debt Capital Markets Division, which acted as financial advisor, lead manager, and bookrunner. The securitization bonds were issued through the firm’s dedicated securitization entity and received ratings from Middle East Rating and Investors Services (MERIS).
Underwriting for the issuance was led by a syndicate including Banque du Caire, Suez Canal Bank, and First Abu Dhabi Bank Egypt (FAB Misr). Banque du Caire also served as the placement agent, with Suez Canal Bank acting as custodian.
The offering garnered significant interest from a diverse group of investors, including Emirates NBD Egypt, Société Arabe Internationale de Banque (SAIB), and Attijariwafa Bank. Legal counsel was provided by ALC Al-Weshahi & Partners, and KPMG served as the external auditor.

“Completing two securitization issuances in under a year highlights the strength and resilience of our portfolio, as well as the market’s confidence in our strategic growth plans,” stated Amir Ghannam, Deputy Head of Non-Banking Financial Services for Leasing, Factoring, and Consumer Finance. “This second issuance is a significant milestone that reflects our commitment to developing financing solutions that meet the evolving needs of our clients and contribute to sustainable growth in the financial sector.”
Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets, added, “This transaction showcases our strong structuring capabilities and our agility in executing securitization deals that align with the demands of the debt market. We’re proud to be driving the development of a more dynamic, accessible financial ecosystem that empowers businesses and expands access to diversified debt financing solutions.”
The issuance, structured into three tranches, demonstrates a strong market appetite for the firm’s offerings. The tranches include EGP731 million (25 months), EGP698 million (37 months), and EGP581 million (54 months), each holding a minimum credit rating of “A”.
