Latest in Tag: Beltone Highlight
Latest in Tag: Beltone
CI Capital, Beltone eye acquisition of electronic brokerage company
Sawiris applies to establish a €50m bank for SMEs in Luxembourg
OTMT nominates Beltone Financial Holding to finalise acquistion of 100% of CI Capital
Orascom Telecom Media and Technology Holding (OTMT) announced today that its management has agreed to nominate Beltone Financial Holding to purchase 100% of CI Capital.
Limited impacts for recent CBE lending controls: Beltone
Reducing maximum loan per customer and bank contributions in capital market funds for better risk management and to diversify its applications
EFSA reviews fair value report for Beltone’s IPO on EGX
EFSA’s work comes in line with the procedures for an IPO on the Egyptian Exchange (EGX).
EGX requests Beltone to disclose uses of pending OTMT and Act Financial loan
The loan will be used in CI Capital acquisition in preparation for the merging: Sources
Emerging investment banks expect positive impact from CI Capital-Beltone deal
By doing so, they hope to compensate for the recession in the market throughout the three years following the January 25 Revolution in 2011.
Koryolink deconsolidates, made associate to OTMT
OTMT forced to deconsolidate tech company and hopes pending issues will be resolved
OTMT, Act Financial set EGP 4 per share to acquire Beltone
EFSA is studying the offer
OTMT, Act’s intention to acquire Beltone positively affects stock market
OTMT’s share of the offer is 87% and Act’s share of the offer is 13%, the transaction value is estimated at up to EGP 650m
Al Baraka Bank-Egypt’s financing portfolio rose to EGP 10.2bn in June
Limited bank capital may limit ability to achieve rapid growth in its activity, says Beltone Financial
Beltone manages EGP100m Misr Insurance investment fund
Firm will not invest with the fund in the stock market, investor relations manager says
Sawiris-Beltone deal only succeeds in purchasing 9% of EFG Hermes, falling short of 20% target
54.4m shares purchased represent less than 9% of total Hermes shares
Sawiris plans to raise capital of New Egypt to $230m after 20% purchase of Hermes
Sawiris-led Alliance purchasing 20% stake in Hermes from shareholders remains committed even if shares restricted from sale during first year
Beltone Financial granted Egypt’s first ETF Licence
Reuters – Egypt’s stock exchange has granted Beltone Financial (BTFH.CA) the country’s first licence for exchange traded funds (ETF), the bourse’s head Mohamed Omran said on Monday, adding that trading could start within six weeks. Egypt, whose economy has been battered by more than three years of political and economic turmoil, is trying to attract …
Egypt regulator rets rules for index, real estate funds
Reuters – Egypt’s financial market regulator, seeking to attract capital back to the stock market, has released rules to facilitate the creation of index and real estate funds as well as amendments to margin trading rules. Sherif Samy, head of the Egyptian Financial Supervisory Authority, said the changes would increase liquidity in the market and …
CMA to authorise exchange traded funds
Exchange traded funds serve as open investment funds which follow the movement of specific indicators, listing and trading their supplementary documents on the stock market as shares and bonds.
Costs of future government borrowing bogged down by uncertainty
Return rates on government debt tools have been steadily increasing since former president Mohamed Morsi’s constitutional declaration on 22 November 2012, a fact which has been compounded by repeated credit downgrades seen since the outbreak of the January 25th revolution by international rating agencies.
Value of all trades on stock exchange for Egypt’s ten largest brokerage firms totals EGP 7.1bn for February
Pioneers Holding, Beltone Financial and the Financial Brokerage Group published their stock trading information online.
EGX upward trend cut short
Analysts say that a “Yes” vote on the constitutional referendum would positively influence the Egyptian stock market
Beltone Financial forms joint-venture with Altree Capital
By Islam Serour Beltone Financial, a leading assets management company in Egypt, has formed a joint-venture company with the African asset management house Altree Capital, dubbed Altree Beltone Capital Ltd. Beltone Financial Holding, which reportedly ranked as the principal asset manager during the first half of 2012, is seeking to empower its position in the …
Beltone says to sell its brokerage unit, Smart Village office
CAIRO: Beltone Financial Holding is looking to sell its brokerage unit, according to the firm’s statement to Egypt’s stock exchange, as well as its office in Smart Village. The firm said it is giving board director Aladdin Saba, one of Beltone’s founders, the mandate to negotiate and receive external offers from potential buyers. “The director …
AIC sells 9.6 pct stake in Egypt’s Beltone
CAIRO: Egyptian investment firm Arabiyya Lel Estithmaraat’s (AIC) said on Thursday it had sold its 9.56 percent stake in investment bank Beltone Financial Holding. AIC sold its 800,000 shares to MM Group for Industry and International Trade for LE 13.87 ($2.30) each, the stock exchange said, valuing the deal at LE 11.1 million. AIC had …
Beltone chairman to sell stake: Egypt bourse
CAIRO: The chairman of Beltone Financial is to sell his 20 percent stake in the Egyptian investment bank to Arabiyya Lel Estithmaraat (AIC), the stock exchange said on Wednesday. Egyptian investment firm AIC was already building a stake in Beltone and the acquisition takes its holding to 30 percent. "Our outlook for the future of …
Beltone Financial revenues drop in H1 2011
CAIRO: Beltone Financial Holding’s bottom line saw a loss of LE 5.631 million in the second quarter of 2011, compared to a loss of LE 9.785 million during the same period last year. For the first half of 2011, the Cairo-based investment firm lost LE 10.154 million, versus a profit of LE 10.852 million last …