Beltone Venture Capital and UAE’s Citadel International Joint Fund Exit Bosta with 75% IRR in Second Successful Exit

Cairo, 11 May 2026:

The joint fund established by Beltone Venture Capital and UAE-based Citadel International Holding has successfully completed its exit from Bosta, achieving a strong internal rate of return (IRR) of 75%. The move highlights the fund’s effective investment strategy in identifying promising opportunities within the startup ecosystem, as well as its ability to create real value and deliver strong returns for investors.

This exit marks another milestone in the joint fund’s investment journey and represents Beltone Venture Capital’s Second successful exit since its establishment in 2023. It is also the second exit completed through its joint fund with Citadel International Holding, further strengthening Beltone’s track record in disciplined investing and successful exits from high-growth companies.

The exit from Bosta also reflects the strength of the strategic partnership between Beltone Venture Capital and Citadel International, alongside efficient execution, investment discipline, and the ability to support startups through their growth stages, ultimately generating rewarding returns upon exit.
Ali Mokhtar, CEO and Managing Partner of Beltone Venture Capital, stated that the successful exit reflects the strength of the partnership with Citadel International Holding and demonstrates the impact of aligning capital with a shared investment vision and strategy.

He added that achieving a 75% IRR underscores the resilience of the disciplined investment approach adopted by Beltone Venture Capital and reflects the company’s commitment to enabling and accelerating growth across the region.
Meanwhile, Fadi Dahlan, Founder of Citadel International, said that the Egyptian market represents a promising opportunity for startup investments, supported by strong economic fundamentals and outstanding entrepreneurial talent.
Dahlan further emphasized Citadel International’s continued commitment to investing in Egypt’s entrepreneurial ecosystem, noting that this successful exit reinforces confidence in the Egyptian market’s ability to achieve sustainable growth and deliver strong returns.

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