The Clap
Beltone Financial Holding (BTFH) is set to hire Dalia Khorshid as CEO of the company.
The Deets
The appointment of Khorshid is a result of the change in the ownership structure of Beltone, where Chimera acquired Orascom Financial Holding’s 56% stake in the company.
Khorshid was appointed CEO of Beltone, replacing Ibrahim Karam who will remain as a non-executive board member until the next general assembly of the company is held.
The general assembly will be held on August 31, 2022.
Who is Dalia Khorshid?
Dalia Khorshid was the former Minister of Investment as well as Executive Vice President of Orascom Development for 10 years. She also established Masar, an investment company.
Beltone’s stock increased by 13% following the news that Dalia Khorshid was appointed CEO.