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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 …

Daily News Egypt

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 …


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