Latest in Tag: Beltone Highlight
Latest in Tag: Beltone
Beltone to lead acquisition bid for Orabank
Beltone Financial Holding announced on Saturday that its board approved in principle launching a bid to acquire a significant interest in African banking and financial holding company Orabank, which has 143 branches serving over 400,000 clients in 12 African countries, mostly in western and central Africa Orabank reported strong results in 2017 with net income …
Beltone downplays Moody’s short-term debt concerns
Beltone, expects that Egypt to continue the current trend depending on the external debt market to benefit from restoring investor’s confidence, according to a research note released by the firm. The note indicates that despite the current improvement in economic indicators, local currency deposits for new T-bills only cover 35% of the budget deficit in …
Relative stability in Egypt’s net international reserves at $42.6bn in March: Beltone
Egypt’s net international reserves continued their relatively stable status, increasing slightly by $87m to reach $42.61bn in March, up from $42.52bn a month earlier, and maintaining imports coverage at eight months worth of imports, according to a research note from Beltone Research. The note specified that such a slight increase is the result of the …
Average of 30-40 bps cut in banks’ net interest margin expected following CBE cuts: Beltone
Lengthening durations of assets while shortening those of liabilities are key defense mechanisms
Beltone expects tourism revenues to reach $6.2bn in FY 2017/2018
FY 2017/2018 expected to see reduced CA deficit, normalised portfolio inflows
Beltone expects CBE to cut interest rates by 2% by end-FY 2017/2018
Institution expects inflation slowdown to reach 12.8%, in line with CBE’s target of 13% ±3% by end-2018
Economic reform offers upside to equity market: Beltone
Expected interest rate cuts in 2018 will provide a relief for corporates
Beltone expects fuel subsidies bill to rise to EGP 150bn in FY 2017/18
Research company foresees primary deficit of 1.1% of GDP in current FY
Beltone Financial Holding sells 11.2% of shares to financial institutions, investors
Majority shareholders of Beltone Financial Holding SAE have sold 11.2% of the company’s shares to a group of financial institutions and investors from the US, Arab Gulf countries, and Egypt, according to a Thursday press statement. The statement said that this emphatically reflects the desire of foreign investors to inject more investments into the Egyptian …
Egyptian pound shows signs of correction: Beltone
Total outstanding liability to register at $7.6bn and $12.2bn in FY 2017/18 and FY 2018/19 respectively
Beltone continues as top management company by end of first quarter, Al-Ahly in close second
We aim to raise value of managed assets to EGP 9bn before end of 2017: Khalifa
20% increase in loans, 15% more deposits at Al Baraka Bank: Beltone
Foreign currency loans account for 25% of loans, while deposits in foreign currency represent 18% of sheer deposits
CIB negotiates with investors to sell part of stake in CI Capital
Naguib Sawiris not directly or indirectly included in negotiations
Will the IMF loan be the answer to Egypt’s currency crisis?
The time is right to abolish foreign currency exchange control, says Beltone
New cement licenses threaten future Misr Cement market share: Beltone
Beltone said that ASEC contributed roughly 60% to Misr Cement’s revenues, which reached EGP 723.067m during Q1 of 2016.
The government’s intransigence is the reason for the failure to acquire CI Capital: Beltone’s legal adviser
The violations of the main shareholder will not hinder Beltone’s acquisition of Reefy and Arab Finance, says Sherif Samy
Beltone calls on general assembly to issue GDRs on London Stock Exchange
Legal adviser for Beltone says acquisition of CI Capital failed due to the government’s intransigence
Analysts predict decline of EGX following failed Beltone-CI Capital acquisition deal
The EGX will likely decrease from 7,756 points to 7,600 points after the failure of the Beltone-CI Capital acquisition deal, said Mohamed Al-Assar
Beltone acquisition of CI Capital falls apart
On Thursday, Beltone announced it was unable to reach an agreement with CIB to extend the deadline for the acquisition offer
Beltone – CI Capital deal fails
The contract has not been renewed and the down payment was repaid to Beltone, says CIB
Beltone seeks to expand to new markets in Eastern Europe, sub-Saharan Africa: chairperson
Beltone is negotiating new deals in order to become one of the largest investment banks in emerging markets
Oriental Weavers raises prices of all its products by 7% to cope with rising costs
Exporting Committee developed a strategy to help its subsidiary MAC out of the exports decline, based on adding new production lines and opening new African and Asian markets
Beltone Financial Holding to acquire majority stake in New York-based brokerage firm
This agreement will expand Beltone’s presence in the US, in addition to more than 120 international markets
Banks in EGX exceed market’s expectations during Q1 of 2016: Beltone
There are doubts about the banks’ abilities to continue this exceptional performance during the second and third quarters due to lack of foreign currency, poor commercial financing, and decline in lending loan rates
EFSA postpones its decision in Beltone-CI Capital acquisition deal, pending resolutions on CIB case and Sawiris violation
EFSA is only concerned about the violations that require reconciliation or resorting to courts, says Samy
Beltone complains to EFSA about EGX for cancelling several transactions on its shares
The release stated that the chairperson of the Egyptian Exchange (EGX) had issued multiple and consecutive decisions to repeatedly cancel the executed transactions on Beltone shares during the months of February, March, April, and May
EFSA postpones its decision in Beltone-CI Capital acquisition deal
Head of the EFSA Sherif Samy said that the authority is reviewing the documentation provided by OTMT on the transfer of ownership of a controlling stake to another shareholder, which obligates Sawiris to make a compulsory tender offer to buy the rest of the shares.
Orascom seeks to complete acquisition of CI Capital
Orascom has not yet reached the reconciliation phase
Sawiris-CI Capital undergoes exceptional examination by EFSA
The examination of the current deal is more accurate than that of Beltone’s deal, led to discovering previous violation, says EFSA chairperson
Sawiris and Tarek Amer fight: flashback to previous battles with the state?
Businessman Naguib Sawiris insists that Tarek Amer used his position to prevent state-owned banks from funding his bid to acquire CI Capital