
32. Beltone Holding *
Sector: Financial services
Group CEO & Managing Director: Dalia Khorshid
Market Value: $456 million
Sales: $146 million
Profits: $35 million
Assets: $662 million
Beltone Holding is a financial services provider that offers brokerage, investment banking, asset management, equity research, and private equity. It also offers end-to-end non-banking financial institutions, including leasing, factoring, consumer finance, venture capital, mortgage finance, microfinance, and SME financing. In 2024, the company’s net profit surged 4.6 times year-on-year. In April 2025, Beltone completed its second capital increase, securing $205.6 million, following a previous capital increase of $323 million in 2023. The U.A.E.’s Chimera Investment is Beltone’s largest shareholder, with a 55.9% stake as of Q1 2025.