Egypt’s Beltone Financial assets under management rise 37%

Beltone Financial, the Egyptian investment bank owned by billionaire Naguib Sawiris, recorded a 37 percent annual growth in assets under management, its asset management director said on Wednesday.

Beltone has been working on boosting its assets under management locally and globally, leading to reach 31.6 billion Egyptian pounds ($1.8 billion) in AUMs, compared to 23.1 ($1.3 billion) last year, Kareem Naema said.