Beltone VC and Citadel exit Bosta with 75% IRR

Egypt's Beltone Venture Capital and the UAE's Citadel International Holdings have exited Bosta through their joint investment fund.

The transaction generated a 75% internal rate of return (IRR) for the fund.

The deal marks the fifth successful exit for Beltone Venture Capital since its launch in 2023.

It also represents the second exit completed through the joint fund with Citadel International Holdings.

Citadel International reaffirmed its commitment to investing in Egypt’s startup ecosystem, citing the market’s strong fundamentals and entrepreneurial talent.