Leading Transformation - Beltone Financial...Leading Transformation CREDENTIALS September 2015 Beltone Financial Credentials | September 2015 2 Our Mission Beltone is a catalyst in

1Beltone Financial Credentials | September 2015 www.beltonefinancial.com

LeadingTransformation

CREDENTIALS September 2015


Our Mission

Beltone is a catalyst in the MENA region, innovatively leveraging synergies to benefit stakeholders

Our VisionEnriching individual, corporate and community wealth by engaging in transformational relationships


Our Values

Beltone’s culture is the source of empowerment that drives transformation in our clients and the financial community we serve


Our Company

* Affiliate of

Beltone Financial

Holding

Cairo

Cairo

Cairo

Dubai

Cairo

London

Cairo

Tripoli Benghazi

Cairo

New York

Cairo

BeltoneInvestment Banking

Beltone Fund AdministrationCompany

BeltoneAsset Management

BeltoneFinancial Emirates

Beltone Fixed Income

BeltoneFinancial UK

Beltone Private Equity*

BeltoneFinancial Libya

Beltone Securities Brokerage

Beltone Financial USA

BeltoneSecurities Holding

Beltone Financial Holding


Our Business

• Fastest growing AUM in Egypt

• Invests in attractive industries with capable management characterized by a sustainable competitive advantage

• Unique MENA focus for advisory and capital raising

• Expert regional knowledge• Expanding coverage of companies

and key industry sectors across MENA

• Multiple MENA markets access• MiFID compliant institutional offering

• Client’s assets held under direct operational control for rapid and seamless execution

• Fastest growing AUM in Egypt

Asset Management

Private Equity*

Investment Banking

Research

Brokerage

Custody

Fund Administration

More than

30 bnE£ under management

More than

4 bnE£ in asset value

More than

100 bnE£ in transactions

Research covering

Over 70companies

In Egypt

Rank #1In Trading 1H 2014

14.5 bnE£ in Custody

More than

20 bnE£ in Administration

Full range of investment banking services

* Affiliate of Beltone Financial


Our Reach

2799%

23.38%

18.26%

7.74%

22.62%

Egypt Financial Investors

Management

Private Equity Investor

GCC Financial Investors

Free Float

...Supported by a solid shareholder baseA collaborate shareholder base with a common interest of business growth and development

Firm wide reachA network of offices linking clients from every corner of the world to every market in MENA

Beltone offices Spanning the Globe

• Cairo•Dubai

•NewYork•Tripoli

•Benghazi•London

Head Quarter Offices


Investment Banking


Investment Banking

E£100.3 billion* in 52 transactions closed over the past twelve years• Unparalleled MENA market expertise

• Financial advisory and capital-raising services

• Scrupulous state-of-the-art investment banking practices

• Expertise advising and supporting family groups in strategic transformation

• Assisting clients on cross-border initiatives: International players seeking opportunities in MENA or MENA-based companies looking for international expansion or funding

M&A transactions

• Mergers

• Acquisitions

• Divestitures

• Corporate restructuring

• Leveraged buyouts

Capital and debt-raising transactions

• Initial Public Offerings

• Private placements

• Debt-structuring

Investment Banking growth 2004 to dateTransaction volumes in E£ billion

* As of September 30th, 2015

2004 0.4

2005 0.8

2006 2.6

2007 4.0

2008 20.8

2009 14.1

2010 12.9

2011 1.2

2012 20.3

2013 20.8

2014 0.5

YTD* 1.8


Landmark Transactions

E£ 16.7 bn tender offer by Orascom Development Holding AG resulting in 98% acquisition of Orascom Hotels & Development via a share swap with a cash option. Beltone acted as the sole financial advisor for the company in the tender offer in the largest tender offer in Egypt with around 98% of shareholder opting for the swap thus reducing the financing burden on the company

Orascom Development Holding AG

16.7bnE£ Acquisition

• The global offering of Amer Group, a leading real estate developer in Egypt. Beltone, as the Sole Global Coordinator and Bookrunner, advised the business on a complete corporate and organizational restructuring culminating in raising USD 200 million in expansion capital and secondary share sales.

• Beltone succeeded in attracting significant western institutional demand for the offering, demonstrating strong placement capabilities with international investors.

Initial Public Offering of Amer Group

1.1bnE£ Initial Public Offering

• E£ 20.2 bn tender offer by France Telecom resulting in 94% acquisition of Egyptian Company for Mobile Services - Mobinil.

• Beltone was responsible for transaction structuring advisory on behalf of France Telecom. The transaction represented the largest equity deal executed in the MENA region during 2012.

Tender Offer by France Telecom




Beltone advised on the sale of 99.6% of Samcrete Egypt Contractors & Engineers to Samcrete for Engineering Investments through a share swap for a total consideration of E£ 4.1 bn

Samcrete Egypt


Beltone jointly advised ENPC, a fully owned entity by Misr Fertilizer Production Company, on the project finance syndicated facility of USD 1.1 billion for the construction and operation of 2 urea/ammonia production trains. It is considered to be the largest transaction to be fully underwritten by local Egyptian banks. Signing of the loan agreement and drawdown occurred in Dec.09

ENPC

5.8bnE£ Project Financing

Beltone acted as the sole financial advisor for EAgrium on its USD 2.5 billion merger with Misr Oil Processing Company (MOPCO). Beltone advised EAgrium throughout the negotiations with MOPCO with respect to valuation and deal structuring. Beltone also advised the merged entity on a USD 120 million bridge debt-financing

EAgrium’s merger with MOPCO

14.1bnE£ Project Financing



CHF 190 million initial public offering for Orascom Development Holding AG. Beltone is the first Egyptian company to co-manage a global public offering for a European based company, Beltone also was the sole listing advisor for the company in Egypt


969mE£ capital increase

The bond offering of GB Auto, the leading automotive player in the Middle East. Beltone advised the publicly listed company on the issuance and listing of an EGP 1.0 billion non-convertible bond

Bond Offering of GB Auto

1.0bnE£ Bond Offering

The global offering of GB Auto, the leading automotive player in the Middle East. Beltone advised the family business on a complete corporate and organizational restructuring culminating in raising E£ 1.27 billion in expansion capital in 2007’s most successful IPO in Egypt

Initial Public Offering of GB Auto

1.27bnE£ Capital Increase



E£ 734 million share swap between Amwal Arabia and Arabia Cotton & Ginning Company. Beltone engineered a complex capital markets solution to the shareholders of both companies, which created the leading integrated textiles player in the Middle East

Amwal Arabia and Arabia Cotton & Ginning Company

734mE£ share swap

Abraaj Capital Ltd acquired Cairo Medical Tower Laboratory S.A.E (Al Borg Laboratories) for a total consideration of EGP 778 million. Beltone counseled Abraaj on a strategy to pre-empt a rival bid and executed in a notably short time period

Abraaj Capital/Al Borg Laboraties

778mE£ Acquisition


Acquisition of 58% of AMECO Medical Industries via a mandatory tender offer

Sole Financial Advisor

December 2014

The sale of 100% of Nakhla Tobacco Group to Japan Tobacco International

Financial Advisor

March 2013

E£ 1,130,000,000(USD 189,597, 315)

Egyptian Chemical Industries KIMA

Rights Issue

Exclusive Financial AdvisorSeptember 2011

E£ 1,315,000,000 & USD 212,800,000

Egyptian Chemical Industries KIMA

Syndicate Facility

Exclusive Financial Advisor

September 2013

Financing Transactions Capital Markets, M&A and Corporate Advisory

E£ 506,074,105 (USD 70,288,105)

Public Offering

Joint Global Coordinator and Bookrunner

December 2014

Sale of minority stake to European

Bank for Reconstruction &

Development (EBRD)

Sole Financial Advisor

May 2015

E£ 440,000,000(USD 80,000,000)

Joint venture between GB AUTO and Al-Kasid Group of Companies


February 2010

E£ 312,000,000(USD 56,727,273)

Capital Raising


May 2010


Asset Management


Strong Track Record

Beltone Asset Management is the leader in its industry, with assets under management in excess of E£ 30 billion*, driven by our capacity to continuously introduce innovative products

Wide range of product offeringsThrough our knowledge in launching and managing funds, we have gained the experience of the regional asset management business which enabled us to develop innovative products that cater to varying risk-return profiles


• From Money Market to leveraged Equity • From Plain Vanilla to Structured Products • From Morocco to Oman • From Conventional to Islamic

Money Market

Fixed Income

Capital Guaranteed

Balanced

EquityLeveraged Equity

Risk

Retu

rn

Remarkable industry experience catering to all investor profiles

More than 15 years of regional expertise

• Bahrain • Egypt • Libya • Lebanon • Jordan • KSA • Kuwait • Morocco • Oman • Qatar

• Tunisia • UAE


Milestones

Assets under management grew at a CAGR of 35% becoming the largest manager in Egypt

More than

30bnE£ under management

Largest Money Market player in Egypt with a market share of 37%

Banque Misr MM Fund awarded best treasury & cash management provider 5 times in a row

Product innovation, offering the 1st money market account, technical fund & ESSP

Advised CBE on the est. of its RMU & managed our first MENA portfolio for one of the largest SWF

Others

63%

BAM

37%


Fund Offerings

• Provides daily liquidity while preserving capital• Cash flow management tool• Daily subscriptions & redemptions• Interest accumulated daily• Invest in secure short term interest bearing securities• Low initial subscription with minimum thereafter and no maximum• Accessibility benefits similar to current accounts• Returns are tax exempt

• Provides daily liquidity while preserving capital• Cash flow management tool• Daily subscriptions & redemptions• Interest accumulated daily• Invest in secure short term interest bearing securities• Low initial subscription with minimum thereafter and no maximum• Accessibility benefits similar to current accounts• Returns are tax exempt

MONEY MARKET

CURRENCY MM

صندوق إستثمار “كل يوم”

إستثمار ص��ن��دوق “الشركة المصرفية

العربية الدولية”

صندوق إستثمار “ح��ص��ن األم��ان

اليومي”

إستثمار صندوق ظبى ابو “مصرف االسالمى - مصر”

صندوق إستثمار “ي�وم�ات�ى”

صندوق إستثمار“م��زاي��ا”

GOLDSILVER

USD Euro

ح��ص��ن أم��ان ل��ل��م��الي��ي��ن


Fund Offerings

• Investing in companies listed in Egypt

• Exposure to Egypt which is positioned for long term growth

• A minimum of 70 % of the fund to be invested in listed securities

• Daily subscriptions & weekly redemptions

• No minimum initial subscription

• Invests in Egyptian equities & Fixed Income

• Exposure to Egypt; positioned for growth

• Benefit from diversification and smoothing of market volatility

• Weekly subscriptions & redemptions

• Minimum initial subscription of EGP 10,000

• Periodical distribution of dividends

• Invests in companies listed in MENA

• Exposure to MENA which is positioned for long term growth

• Invests up to 10% in pre-IPOs

• Safe Haven provision• Low minimum entry of USD

10,000 • Weekly subscription &

redemptions

• Invests in companies listed in Egypt

• Exposure to Egypt which is positioned for long term growth

• A management style dependent on technical views to benefit from market trends

• Weekly subscriptions & redemptions

• Minimum initial subscription of EGP 5,000

EQUITY / BALANCED


Saving Plans

• Improve employees’ safety net• Attract & retain calibre employees• Simple structure & easy implementation• Flexibility in customizing corporate

contribution• Flexible plan by-laws and vesting rules• Off balance sheet• Reduce or limit corporate liability and

obligations• Ability to meet new labor law requirements

• Maximize net-worth at retirement• Tax-deductible savings• Tax-free payment at end of service• Gain of company contributions• Capital protection and return maximization• Employee involvement and oversight by

BOT• Simple to understand• Individual accounts, semi-annual reporting

• Offering expertise in managing a diverse portfolio of insurance products for more than 4 years

• Building and protecting the wealth and security of individuals and businesses

• Launching innovative savings products aimed at satisfying client needs

EMPLOYER BENEFITS EMPLOYEE BENEFITS

INSURANCE SAVING PRODUCTS

END OF SERVICE SAVING PLAN

...a matter of life

Egyptian Cement Company


Portfolio Offerings

EQUITY LONG TERM CAPITAL APPRECIATION

FIXED INCOME CAPITAL PRESERVATION

Country Specific Investing in securities on any regional stock exchange of a specific country

Sector Specific Investing in securities on any regional stock exchange of a specific sector

Regional Investing in securities on any regional stock exchange of the MENA region or a sub-set of the MENA region

Sharia’a compliant Investing only in Shari’a compliant securities listed and traded on the stock exchanges

Indexed Investing entirely in equities listed in an acceptable index

Technical Investing in securities using a technical and momentum driven trading systems

Duration Specific Investing in fixed income instruments with a catered duration (short - long term)

Corporate Bond Investing conventional MENA corporate bond issues of credible issuers

Sukuk Investing in corporate and government Sukuk issues of credible issuers

Money Market A current account with competitive daily interest investing in secure, high yielding, short-term interest bearing instruments denominated in (EFG,USD, Euro)


Portfolio Offerings

OTHER

DEFINING THE CLIENT PROFILE BENEFITS

Balanced Investing 40-60% of funds to equity holdings and 40-60% in fixed income vehicles

Dynamic Asset Allocation Periodic shifting of assets between stocks, bonds, and cash based on a quantitative process

Capital Protected Investing in a regional equity index and capital preservation through dynamic asset allocation (Delta Hedging)

Protected Returns Perpetual rolling structure combined with dynamic asset allocation strategies to continuously lock in client returns

Risk and return objectives and constraints are defined and subject to Client’s specific requirements

INVESTMENT OBJECTIVE

INVESTMENT CONSTRAINTS

OPTIMAL CLIENT MANDATE

• Risk

• Return

• Time horizon

• Tax consideration

• Legal & regulator

• Liquidity constraints

• Unique requirements

RELATIONSHIPMANAGEMENT

CATERED REPORTING

FREQUENT REVIEWS

EXTENDED FLEXIBILITY


Diligent Investment Process

Specialization and focus, combined with Beltone’s Country-Country-Sector (CCS) value added fundamental process result in lucrative stock selection and exceptional performance

FUNDAMENTAL APPROACH WITH THE MAIN ALPHA DRIVERS

SPECIALIZATION AND FOCUS DILIGENT INVESTMENT PROCESS

Specialized independent departments supporting a focused Portfolio Manager, scrutinized by internal audit and compliance

Country focused portfolio managers & sector driven analysts create a ‘top down’ approach with a ‘bottom up’ over-lay implemented and monitored through daily, weekly and monthly meetings


Securities Brokerage



Beltone Securities focuses on institutional investors located in the US, Europe and the Middle East region. The company has created two segregated teams to focus on Wealth Management for high-net-worth individuals, and equity execution for retail clients. Beltone Securities provides seamless execution and settlement in several markets by leveraging a strong proprietary network as well as its strategic partnerships across the globe.



Single broker contact available in markets with Beltone presence

Brokerage clients• US• UK• Ireland• Germany• Switzerland

• Egypt• France• Kuwait• KSA• UAE

• Bahrain • Qatar • South Africa

over 1,200 clients worldwide

GEOGRAPHIC REACH

•Egypt

•UK

•Dubai

•USA

•Libya


Geographic Exposure

Beltone Financial operations extend across the MENA region, Africa, Europe and North America. Expansion plans exist to tap into the US and UK markets

Physical presence

Execution presence


2009Beltone Financial´s

1st MENA Conference inNewYorkMiddle East & North Africa Investments18th - 19th May, 2009


1st MENA Conference in QatarMiddle East & North Africa InvestmentsDoha, 22nd - 23rd February, 2010


2nd MENA Conference inNewYorkMiddle East & North Africa Investments24th - 25th May, 2010

2012


First Egypt Day inNewYorkMiddle East & North Africa Investments4th - 5th February, 2008


Future Trends in EgyptMiddle East & North Africa InvestmentsLondon, 23rd - 24th June, 2008

Four Seasons Nile plaza, Cairo September 24-26, 2012

A New Dawn

Corporate Access

Worldwide Events and Roadshows

Beltone Financial hosted a series of widely acclaimedinvestmentconferencesinNewYork,London and Doha. The company has held three conferencesincoordinationwithNewYorkStockExchange, three corporate access days in London, in addition to two investor’s conferences in Doha sponsored by the Qatar Exchange focusing on investment opportunities across MENA region. The events allowed investors to meet with the heads of listed companies from the Middle East on a one-on-one basis to demonstrate the fundamentals for strong, long-term growth and profitability.

Moreover, Beltone arranges for road-shows around the globe to reach both its current and potential clients. In addition, the research department arranges for periodic client conference calls with sector analysts and the management teams of listed companies, and along with the sales team, continuously meet with the management of the listed companies



E£ 11.6bnJune 2014

BARWA Egypt Real Estate

E£ 372mDecember 2009

Heinz

E£ 16.6bnMarch 2013

Qatar National Bank

E£ 1.1bnNovember 2010

AMER Group Holding

E£ 20bnMay 2012

France Telecom

E£ 1.0bnMay 2010

GB Auto



E£ 2bnDecember 2009


E£ 4.1bnDecember 2009

Samcrete Egypt

E£ 15bnNovember 2009

Lafarge Building Materials Holding

E£ 15bnNovember 2009

Lafarge Cement Egypt

E£ 300mAugust 2009

Brawa Real Estate

E£ 3.5bnJune 2009

Egyptian Fertilizer Company



E£ 1.1bnMarch 2009

Bank of Alexandria

E£ 15bnJanuary 2009

EAgrium merger with MOPCO

E£ 387mJune 2008

Sprea & Plastichem

E£ 483mJune 2008

El Nasr Clothing (Kabo)

E£ 778mMay 2008

Abraaj Capital/Al Borg Laboraties

E£ 16.7bnMay 2008




E£ 9.2bnOctober 2006

Bank of Alexandria

E£ 340mMay 2005

RAYA Holding


Beltone Securities Holding

Currently more than E£14.5 billion* investors benefit from fast execution and settlement through the efficient receipt, delivery and safekeeping of securities, cash and foreign exchange

Beltone Securities Holding gives clients the benefit of their assets held under direct operational control for rapid and seamless exectution

The Custody team comprises highly qualified industry specialists with experience in leading regional and international investment banks.

Beltone Securities Holding is regulated by the Egyptian Capital Market Authority. Assets and processes are in compliance with all regulations in the diverse markets in which Beltone operates.

• Safe custody of assets

• Income and dividends collection

• Corporate action processing

• Proxy voting processing

• Standard custody reporting



Research


Reports

Beltone’s Research Department is acknowledged as the authoritative source for qualitative and quantitative information on the MENA region’s rapidly expanding capital markets. By the end of 2015, coverage will extend across the different sectors within the region, to reach more than 75 stocks.

GENERAL MARKET PRODUCTS COMPANY-SPECIFIC PRODUCTS

BELTONE RESEARCH PRODUCTS

SECTOR-SPECIFIC PRODUCTS

• MENA Morning Bell, that covers regional daily news

• MENA Closing Bell that covers regional markets’ daily performance

• MENA Weekly Screen

• Daily Traders Corner, that covers regional technical analysis

• Initial Coverage Reports

• Company Update Reports

• Company Newsflash Reports

• Sector Reviews

• Regional Economic Research

• Regional Strategy Research

• Thematic Research

* All reports on Egypt are produced in English and Arabic


Strategy Macro Financials IndustrialsConsumer &

ServicesTelecom Real Estate TOTAL

Egypt 6 7 12 3 3 31

Saudi Arabia 8 5 3 2 -- 18

UAE 6 2 -- 2 1 11

Qatar 4 1 1 1 -- 7

Kuwait 2 -- -- -- -- 2

Oman 2 -- -- -- -- 2

Lebanon -- 2 -- -- -- -- 2

TOTAL -- 30 15 16 8 4 73

Company Coverage | MENA Region Research Publications

Coverage

2005 5 2005 5

2006 12 2006 44

2007 31 2007 69

2009 58 2009 131

2011 63 2011 272

2008 53 2008 92

2010 56 2010 147

2012 69 2012 310

2013 70

2014 73

2013 353

2014 531


2015* 73 2015* 481


Countries Covered and Distribution

Covered by research

Research distributed

•Algeria•Austria•Bahrain•Belgium•Canada•Chile•Cyprus•CzechRepublic•Denmark•Egypt• •Libya•France•Germany•Greece•HongKong•Italy•Japan•Jordan•KSA•Kuwait•Lebanon•

Malaysia•Netherlands•Norway•Oman•Pakistan•Philippines•Qatar•SouthAfrica•Switzerland•Syria• •Thailand•Turkey•UAE•UK•Ukraine•USA•Yemen•

38 countries


Beltone Private Equity


Introduction

Diligent Investment Approach

Successful Origination Platform

Innovative Investment Strategies

Unmatched Access to Proprietary Deal Flow

Wide-Ranging Investment Expertise

Best Investment Practices and Proven Track Record

Experienced Management Team

Strong Local Network and Infrastructure

Value PropositionOne of the fastest growing private equity investment platforms in Egypt

EGP 10.3bn Investments under control

EGP 4.1bn Equity assets under management

EGP 2.1bn Equity capital deployed across portfolio companies

EGP 0.6bn Distributions to investors

26 Portfolio company investments (including 8 exits)

12 Different industry sectors

23Qualified investment and support professionals with more than 300 combined years of experience


Evolution

# of Investment Vehicles

Assets Under Management (EGP million)

2006

1

466 1,202 1,582 1,8782,333 2,333 2,043

2,9303,200

4,063

4 63 5 4 6

20092007 20102008 2011 2012 2013 2014 2015

• Established in 2006, Beltone Capital is BPE’s flagship vehicle investing opportunistically in Egyptian companies with strong, capable management and significant growth prospects. Investments are typically structured with control through majority stakes either alone or in partnership with co-investors

• Beltone Investment Group (“BIG”), a co-investment vehicle, was established in 2007 to invest alongside Beltone Capital in a controlling stake in Madinet Nasr for Housing and Development (MNHD.CA), a leading publicly-traded middle income real estate developer

• Beltone Retail is a specialized investment vehicle committed to consolidate successful retail operations and franchises with a focus on the Egyptian retail sector

• Established in 2008, Al Ismaelia for Real Estate Investment is a specialty real estate investment vehicle focused on acquiring, refurbishing and leasing prime real estate assets in Downtown Cairo

• Established in 2009, Beltone Midcap Fund targets investments in the SME sector in Egypt. It is co-managed with Siparex Group, a leading French private equity SME specialist

• Capital Partners for Tourism Ltd., a co-investment vehicle, was established in 2010 to invest alongside Beltone Capital in Pickalbatros Hotels and Resorts, a leading budget hotel owner and operator in Egypt and Morocco

•With the exit from Pickalbatros Hotels and Resorts in 2011, Beltone Private Equity exited Capital Partners for Tourism Ltd.

•Beltone Private Equity exited from Beltone Retail in 2011

•BPE Energy Ltd., a co-investment vehicle, was established in 2013 to invest alongside Beltone Capital in TOTAL Egypt, the leading oil and gas company in Europe

•BPE Power Ltd., an investment vehicle, established in 2013 to invest in PGESCo, a leading provider of engineering, procurement, project and Site management services to electric power plants


Current Portfolio Investments

Status: Current

Vintage Year: 2014

Ownership: 5%

Status: Current

Vintage Year: 2013

Type of Transaction: Growth Capital

Ownership: 19%

Status Current

Vintage Year: 2006


Ownership: 63%

Status Current

Vintage Year: 2013


Ownership: 40%

Status Current

Vintage Year: 2008

Total Commitment: EGP 380 million

Total Investment: EGP 285 million

Status Current

Vintage Year: 2006

Type of Transaction: Buyout

Ownership: 47%

Status Current

Vintage Year: 2013


Ownership: 40%

Status Current

Vintage Year: 2012


Ownership: 24%

Status: Current

Vintage Year: 2006


Ownership: 31%


Exited Portfolio Investments

Status Exited in 2013

Vintage Year: 2011


Ownership: 76%


Vintage Year: 2009


Ownership: 38%


Vintage Year: 2006

Type of Transaction: Pre-IPO

Ownership: 1.4%


Vintage Year: 2009


Ownership: 24%


Vintage Year: 2007

Type of Transaction: Greenfield

Ownership: 6.5%


Vintage Year: 2012


Ownership: 63%


Vintage Year: 2008


Ownership: 55%


Vintage Year: 2006


Ownership: 30%


Beltone Academy


Beltone Academy

The Beltone Academy, first established in 2007, ensures the constant flow of excellent talent into Beltone. Out of hundreds of applicants, only the top 20 are selected after rigorous testing and interviews. The academy courses are designed to develop their experiences and skills to pursue their careers in the financial services industry.

• Develop a world class financial services industry in the MENA region

• Taking a leadership role to develop a core of top-notch professionals

• Investing time and resources to identify and mentor future leaders

• Sharing Beltone’s global knowledge, skills and experience

• Offering young people unrestricted opportunities

• Contributing to MENA’s overall economic growth

Documents

Leading Transformation - Beltone Financial...Leading Transformation CREDENTIALS September 2015 Beltone Financial Credentials | September 2015 2 Our Mission Beltone is a catalyst in