Saturday 2 July 2016
 
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Beltone

Beltone subsidiary to complete purchase of CI Capital

Orascom Telecom (OTMT) said it had asked its Beltone Financial subsidiary to complete the acquisition of the investment banking arm of Egypt's largest bank.   "This comes in line with OTMT's strategy

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Beltone Financial stake sale wins shareholder acceptance

Shareholders in Beltone Financial have agreed to sell 97.3 per cent of shares in the financial services company to Orascom Telecom Media and Technology and investment bank Act Financial, a source familiar with the matter told Reuters on Thursd

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Beltone joins Nasdaq Dubai as market maker

Beltone Market Maker, a subsidiary of Egypt-based financial services company Beltone Financial, has joined Nasdaq Dubai to provide market-making services, its parent company said on Tuesday. Beltone Market Maker will initially foc

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Beltone, Total to set up solar plant in Egypt

Beltone Capital and the Egyptian unit of France’s Total plan to spend about $100 million on the development of a 50-MW solar project in Egypt, said a report. The duo has received the Ministry of Electricity’s approval

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Beltone, Total to set up solar plant in Egypt

Beltone Capital and the Egyptian unit of France’s Total plan to spend about $100 million on the development of a 50-MW solar project in Egypt, said a report. The duo has received the Ministry of Electricity’s approval

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EFG says fair price 30pc more than Beltone bid

EFG Hermes said on Saturday an independent financial adviser had set its fair share price at 22.93 Egyptian pounds ($3.21), 30 per cent higher than the price offered by Beltone and New Egypt Investment Fund for a stake in the investment bank.

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Egypt's Beltone ready for EFG Hermes takeover

Egypt's Beltone Financial Holding will offer itself for acquisition by EFG Hermes if it is successful with a joint bid for a 20 per cent stake in the investment bank, according to the offer document seen by Reuters ahead of its publication.

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Beltone Financial considers share split

Egyptian investment bank Beltone Financial will discuss the possibility of splitting its shares on Monday, it said in a statement to the Cairo stock exchange.   Last week Beltone said that, together with a group

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Beltone says chairman in talks to sell stake

Egyptian investment bank Beltone Financial said on Tuesday its chairman, Aladdin Saba, was negotiating to sell his stake in the bank but that no agreement had yet been reached. According to Reuters data, Chairman Alaa Saba owned 19.99 per

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Beltone to trade on Egypt bourse by year-end

Egyptian investment bank Beltone Financial said on Sunday its shares listed on the Egyptian stock exchange would start trading before the end of 2010, part of a strategy that was delayed by merger plans. Plans to merge with Pioneers Holdin

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