Latest in Tag: Beltone Financial Highlight
Latest in Tag: Beltone Financial
FRA suspends due diligence by investor alliance led by WM Consultancy on Beltone Financial
Chimera is bidding to acquire 51-90% of Beltone at an initial price of EGP 1.485 per share.
WM Consulting offers to acquire majority stake in Beltone Financial at EGP 1.35 per share
They pointed out that Beltone’s board of directors is scheduled to hold a meeting to discuss the offer and appoint a legal advisor.
Onsi Sawiris appointed Beltone Financial Chairperson, four depart board
Changes came as part of transferring Beltone Financial’s ownership to Orascom Financial Holding Company, instead of Orascom Investment Holding
Beltone Financial to launch 3 finance companies in September
New companies aim to support Group’s efforts to convert to profitability in 2021, says Beltone CEO
Beltone Financial to establish SME finance subsidiary with EGP 30m capital
Beltone Financial incurred higher losses in 2019 of about EGP 91.505m, compared to EGP 82.413m in 2018, an increase of 11%, taking into account minority interests.
Beltone Financial reveals new brand identity
The rebranding falls within its new strategy to expand its financial services both inside and outside Egypt, and to enhance returns on the company’s investment, said Ibrahim Karam, CEO of Beltone Financial.
Egypt’s underserved population offers stronger growth in healthcare sector
Ibnsina pharma continues to deliver robust earnings, owing to continued market share gains and better margins
The challenging environment in telecom sector started in 2017 will continue in 2020
Stronger EGP will support higher profits and lower debt cost
Egypt’s real estate sector to decelerate in 2020
2H19 to be stronger, driven by new project launches toward the end of the year
Increased max ratio of loan premiums increases bank profits, may affect asset quality: Beltone
CIB, QNB, Credit Agricole, and ADIB are the main beneficiaries of the decision
Egypt is the economy with the most catalysts for growth in the region: Beltone Financial
Fears of heightened competition, increased prices, and unexpected weakness in local currency
Beltone Financial recommends investing in Egyptian market
EGP strength is the pinnacle of reforms in 2020, and all odds are in favor of it
Net foreign reserves up $52.1m to $44.969bn end-August
Value of gold reserve rises by $265m, decrease in foreign currencies value by $135m
July’s Inflation reading heralds interest rates cut at CBE’s next meeting: Beltone
Inflation continued to slow in July despite subsidy reforms influenced by its reading in the comparative period and its low reading in June
NI Capital sets deadline for managing bids of Sidpec’s IPO by 5 August
Bidding firms are Hermes, CI Capital, Beltone Financial, HC, and Pharos
Maged Shawky nominated as executive chairperson, Ibrahim Karam as CEO of Beltone Financial
Sameh El-Torgoman, Bassem Azab, Sherine Helmy, Ahmed Soliman resign from Beltone
Beltone Financial expects another interest rate cut in next CBE meeting
Increase in inflation readings does not affect our forecast for inflationary pressures in 1H19, says research note
Beltone reiterates “buy rating” of TE’s shares amid board reshuffle
Beltone Financial reiterated the “Buy rating” for Telecom Egypt (TE), of which 80% stake is owned by the state. Earlier, TE announced a partial reshuffle in the company’s board of directors, including three members with an immediate effect and for the remaining term of the current board of directors. The board of directors held a …
Beltone Financial selected for Global Investor Group’s Best Asset Manager in Egypt 2018 award
Company manages seven funds, out of which 6 listed as best performing funds in last 12 months
Currency crises in Argentina, Turkey will not affect Egyptian interest rate: Beltone Financial CEO
Bank’s current Aum Stand at EGP 33BN, Up from EGP 18BN last Year, Marking 83% increase
High return on debt instruments maintains attractiveness of investment in Egyptian market: Beltone
Decision to stabilise interest rate was expected, took into account expected inflationary pressures resulting from recent increase in prices of water, electricity, fuel
Falling inflation allows another interest cut: Beltone Financial
Despite rising interest rates in emerging markets, Egypt’s strong outlook, exchange rate stability justify continued opportunity to invest in fixed income instruments
Beltone expects dollar exchange rate to reach EGP 17.55 in FY 2017/2018
Short-term external debt levels main obstacle to improving economic indicators
Ibnsina Pharma starts IPO of 25% of capital
Beltone Financial will take over the initial public offerings of the company’s shares
Beltone achieves operating revenues worth EGP 326.2m in H1 2017 with six-fold increase y-o-y
Net profit after tax and minority interest more than doubled on an annual basis, recording EGP 9.3m, while total assets of the group reached EGP 1.5bn until the end of June 2017, with net cash of EGP 322m, reported Beltone
Beltone expects HDB’s net profit to exceed EGP 800m by year end
Bank’s initial 2017 budget includes deposit growth by 40%, loans by 30%, profit by 30%
Improvement witnessed in banking sector deposits growth: Beltone Financial
Commercial banks’ foreign liabilities decreased to $430m in April from $10.7bn in November
Beltone delineates Egypt’s economy over the coming 5 years
Beltone Financial issued its annual report covering the Egyptian economy, titled “the Great Recovery.” The report gave an overview of its forecasts for growth rates, budget deficit, performance of economic sectors, government plans to cut subsidy, flotation impact on the Egyptian Stock Exchange (EGX), and the expected exchange rate over the coming years. Beltone amended …
Beltone Financial holds Cairo Investment Conference to attract foreign investment to Egypt
Egyptian government, 50 international investment funds with over $4tn in AUM set to participate
Beltone Financial Holding increases sales of its free float shares
The board of directors of Beltone Financial Holding has approved increasing its free float shares through the sale of a number of shares in the company by the majority shareholder in order to increase the stock’s liquidity and strengthen the investor base in the Egyptian market and the company. The decision came in light of …