2024/08/16

Forbes ranks Dalia Khorshid among region's most influential business leaders

Dalia Khorshid, CEO and Managing Director of Beltone Holding, has been named among the most powerful CEOs in the Middle East for 2024 by Forbes Middle East. As the sole Egyptian woman on the list, Khorshid's selection underscores her exceptional contributions to the business world.

Forbes highlighted Khorshid's impressive achievements since assuming the leadership of Beltone Holding in 2022. Under her guidance, the company has expanded into new business lines and made strategic investments, including Beltone Capital NEPIT (NEPIT), an agricultural investment platform, and Beltone Venture Capital.

The magazine also praised Khorshid for doubling Beltone Holding's revenues and assets in a remarkably short time. In the first quarter of 2024 alone, the company's operating revenues soared by 812% to reach $27.7 million, while managed assets climbed by 56% to $612.5 million.

Prior to leading Beltone Holding, Khorshid served as Egypt's Minister of Investment and founded and chaired both Masar Financial Consultancy and Eagle Capital for Financial Investments. She also held the position of Chairperson of the General Authority for Investment and Free Zones.

The Forbes list of the most powerful CEOs in the Middle East features 100 business leaders from 19 countries. Emiratis lead the ranking with 27 CEOs, followed by Egyptians with 21, and Saudis with 14, collectively comprising 62% of the total. The banking sector dominates the list with 19 CEOs, followed by the real estate sector with 10. Selection criteria include the CEO's regional and national impact, market oversight, experience in the current role, company size (revenue, assets, market value), and past-year achievements and performance.

Dalia Khorshid's distinguished career is marked by significant accomplishments in leading prominent companies and economic entities across Egypt’s financial, banking, non-banking, and contracting sectors. This diverse experience has been pivotal to her successful leadership of Beltone Holding. Notably, Khorshid is the sole Egyptian woman featured on Forbes’ 2024 list of the most powerful CEOs in the Middle East, which comprises 21 women from various countries.