Latest in Tag: Beltone Highlight
Latest in Tag: Beltone
Research company foresees primary deficit of 1.1% of GDP in current FY
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 …
Total outstanding liability to register at $7.6bn and $12.2bn in FY 2017/18 and FY 2018/19 respectively
We aim to raise value of managed assets to EGP 9bn before end of 2017: Khalifa
Foreign currency loans account for 25% of loans, while deposits in foreign currency represent 18% of sheer deposits
Naguib Sawiris not directly or indirectly included in negotiations
The time is right to abolish foreign currency exchange control, says Beltone
Beltone said that ASEC contributed roughly 60% to Misr Cement’s revenues, which reached EGP 723.067m during Q1 of 2016.
The violations of the main shareholder will not hinder Beltone’s acquisition of Reefy and Arab Finance, says Sherif Samy
Legal adviser for Beltone says acquisition of CI Capital failed due to the government’s intransigence
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
On Thursday, Beltone announced it was unable to reach an agreement with CIB to extend the deadline for the acquisition offer
The contract has not been renewed and the down payment was repaid to Beltone, says CIB
Beltone is negotiating new deals in order to become one of the largest investment banks in emerging markets
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
This agreement will expand Beltone’s presence in the US, in addition to more than 120 international markets
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 is only concerned about the violations that require reconciliation or resorting to courts, says Samy
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
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 has not yet reached the reconciliation phase
The examination of the current deal is more accurate than that of Beltone’s deal, led to discovering previous violation, says EFSA chairperson
Businessman Naguib Sawiris insists that Tarek Amer used his position to prevent state-owned banks from funding his bid to acquire CI Capital
Sawiris applies to establish a €50m bank for SMEs in Luxembourg
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.
Reducing maximum loan per customer and bank contributions in capital market funds for better risk management and to diversify its applications
EFSA’s work comes in line with the procedures for an IPO on the Egyptian Exchange (EGX).
The loan will be used in CI Capital acquisition in preparation for the merging: Sources
By doing so, they hope to compensate for the recession in the market throughout the three years following the January 25 Revolution in 2011.
OTMT forced to deconsolidate tech company and hopes pending issues will be resolved