Arab Finance: A company announced Belton Holding (BTFH)On the completion of the second increase in its capital, it won more than 10.5 billion pounds with an exceptional coverage rate of about 98%, which reflects the confidence of investors and the market in the company's ability to implement its strategy and achieve growth, and enhance its position in the market.
The vast majority of subscription came by foreign investments, which reflects the confidence of foreign investors in Beltone and its strategy to achieve sustainable growth.
In this context, Dalia Khorshid, CEO and Managing Director, said: “The second increase in capital reflects the great confidence that we enjoy from our shareholders and the market, and confirms the strength of the company’s performance and rapid growth.
The outcome of this increase in capital will be directed across all the company's platforms to support the growth strategy by expanding rapid growth markets, enhancing its capabilities to expand digital systems, expanding the product portfolio and services, in addition to attracting the best competencies to enhance operating excellence and push the innovation wheel.
In 2024, Beltone achieved exceptional financial results that reflect the success of the growth phase.
Where the combined operational revenues increased to about 7.2 billion pounds, achieving a growth of approximately 4 times compared to the previous year, while net profits jumped to more than 1.7 billion pounds, with a growth rate of 4.6 times on an annual basis. This exceptional performance is driven by strong performance through all the company's platforms, foremost of which is the non -banking financial activities platform that achieved revenues exceeding 5.8 billion pounds, with a growth rate of approximately 6 times on an annual basis, and the investment bank platform that recorded remarkable growth with revenues of about 1.3 billion pounds, at a growth rate of 2.4 times on an annual basis.
This successful step is enhanced by Beltone's position as an integrated financial institution, based on a future vision, and focuses on achieving sustainable and long -term growth for all parties concerned.
Abu Dhabi First Bank (FAB MISR) has played the receiving bank.
On the results of her assembled and unacceptable business for the period from 01/01/2024 to 12/31/2024, a net profit achievement showed Assembly It amounted to 1.702 billion pounds for a net profit of a complex of 369.221 million pounds for the same period in the previous year.
The results also showed from the period from 01/01/2024 to 12/31/2024, achieving a net profit Independent It amounted to 631.356 million pounds, compared to an independent net profit of 554.389 million pounds for the same period in the previous year.
The purpose of the company is to establish companies that issue financial papers or increase their capital, and to carry out the activity of the sacred secretaries. The company is working in the field of non -banking financial services, brokerage activity in securities, and the management of the portfolios and investment funds.
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