Latest in Tag: Beltone Highlight
Latest in Tag: Beltone
Beltone incurs EGP 105m in losses in 1H 2022
The company’s total revenues also decreased to EGP 110.39m, down from EGP 193.82m.
Chimera acquires about 56% of Beltone for EGP 385m
Orascom Financial shareholders subscribe to Chimera’s MTO
Orascom Financial agrees to sell its entire 56% stake in Beltone to Abu Dhabi-based Chimera
Stake sale to be implemented next week: sources
EGX to open OPR screens for Chimera Capital’s acquisition of Beltone
The validity period of the offer extends for 10 working days, starting from 21 July trading session until the end of the 3 August trading session, provided that implementation will take place on the Egyptian Exchange within five working days after the offer period expires.
UAE’s Chimera submits mandatory takeover bid for Beltone
Beltone is in process of appointing independent financial adviser to determine fair value of its share
Sports Ministry, Banque Misr launch Egyptian Sports Fund, to be managed by Beltone
Fund will provide appropriate care and support for Egyptian sports heroes, says Sports Minister
Beltone maintains positive outlook for banks due to improvement in economic activities
Economic growth seen in improvement of financial position of banking sector with positive outlook for profitability, asset quality
Beltone, British University partner to offer education finance product
Moemen Salem, CEO of Belcash, commented: “We’re very proud of our BUE partnership, which emphasizes our commitment and focus toward entering the education finance market and being a main player.”
Beltone shifts focus to large caps; healthy performance backs positive 2H 2021 outlook
Commercial International Bank is least negatively impacted with decline rally, currently trading at a 1H21 P/B multiple of 1.5x compared to ROAE of 20%
NATCO appoints Beltone as financial advisor to EGP 1bn bond issuance
NATCO studies partial listing on Egyptian Exchange
Beltone opens door to stake sale to strategic investors
Company’s revenues increase to EGP 276.71m in 2020
Beltone comes first in February brokerage ranking with EGP 10.9bn transactions
Hermes takes runner-up with EGP 6.2bn, whilst sister company Financial Group falls to sixth
Beltone aims to complete US subsidiary Auerbach Grayson sale in 3 months
The company said in a statement on Tuesday that the sale process has not been completed yet, and accordingly, the final value of the deal has not been determined.
Beltone sells US subsidiary Auerbach Grayson to focus on Egyptian market
Beltone said in a statement on Thursday that the agreement will be finalized after obtaining the approval of the Financial Industry Regulatory Authority (FINRA) in the US.
As inflation slows, interest rates to be maintained: Beltone
The highest growing category annually remains education, showing a 28.5% y-o-y rise, followed by recreation and culture, as well as transportation, growing at 14.3 % and 13.4% y-o-y in March, respectively
Cautious drop in petrol prices due to oil market’s high volatility: Beltone
Limited impact on inflation, which remains in CBE target zone, despite expected pressures
Limited positive impact on fiscal maneuverability after rates cut, yet downside risks remain: Beltone
Beltone analysts maintain average inflation expectations of 6.5%, which should keep headline inflation within CBE’s target zone by year-end
Beltone expects to postpone government proposals to 2H 2020
Company working on issuing debt instruments, applied at FRA for ’market maker’ licence
CIB continues to grow healthy profits: Beltone
Decrease in financing expenses supports profitability; improved corporate lending is major positive factor
Beltone expects interest cuts by 300 basis points in 2020
In a research article, Beltone expected the Central Bank of Egypt (CBE) to continue monetary easing through interest rate reductions by about 300 basis points in 2020. The article also predicts that the CBE will keep interest rates unchanged after the next Monetary Policy Committee (MPC) meeting scheduled for 16 January. This will be in …
Steady expansion in banks’ financial position: healthy growth in money supply, thanks to positive nominal GDP outlook: Beltone
Lending to regain its pull as primary utilization shelters on lower interest rates and new tax law amendments on government securities; remains demand driven
OWRE fair value from EGP 14.6 to EGP 11.75: Beltone
The NAC creates growth potential for OWRE
EK holding’s revenues grew by 9.7% YoY recording $125.2m: Beltone
Beltone set EK Holding fair value at $1.5 with expectations to upgrade it
Beltone Financial recommends investing in Egyptian market
EGP strength is the pinnacle of reforms in 2020, and all odds are in favor of it
El Sewedy Electric 3Q19 profits dropped by 7% QOQ to EGP 924m, falling in line with Beltone estimate
The company recorded EGP 96m in FX losses during the quarter
Domty’s net income jumps by 35% in 3Q19 beating expectations: Beltone
Domty’s market share in Cairo has increased
MSCI announces November 2019 SAIR results with 13 deletions and six additions: Beltone
Egypt will witness the deletion of AMOC EY and SKPC EY
CBE to cut rates by 50-100bps at upcoming MPC meeting: Beltone
Beltone foresees inflation averaging 4.8% in 4Q19
Saudi Arabia’s GDP to record 0.7% in 2019: Beltone
Eased monetary policy is expected to mark the third rate cut this year, state’s budget to balance by 2025
North Africa’s equity market sees $51m outflows in November: Beltone
Qatar to witness the largest absolute outflows among MENA region, while Egypt ranks Fourth