Arab Finance: Beltone Venture Capital and UAE-based Citadel International Holdings have exited Bosta through their joint fund, achieving a 75% internal rate of return (IRR), as per a press release.

This marks the second exit completed through the joint fund between Beltone Venture Capital and Citadel International Holdings, and the fifth exit by Beltone Venture Capital since its launch in 2023.

The transaction reflects the effectiveness of their investment strategy, which focuses on building strategic partnerships, maintaining disciplined execution, and driving long-term value creation across portfolio companies.

The latest exit comes as Beltone Venture Capital continues to strengthen its investment activity within the regional startup ecosystem through selective investments and portfolio management initiatives.

“This successful exit demonstrates the strength of our joint fund with Citadel International Holdings and the impact of aligned capital and strategy. Delivering a 75% IRR reinforces our disciplined investment approach and our commitment to enabling and empowering growth across the region,” Ali Mokhtar, CEO and Managing Partner of Beltone Venture Capital, said.

“We see Egypt as a high-potential market for startup investment, driven by strong fundamentals and entrepreneurial talent. At Citadel International, we remain committed to investing in the Egyptian ecosystem. This exit reinforces our conviction in its ability to deliver sustainable growth and strong returns,” Fadi Dahlan, Founder of Citadel International, stated.