Beltone Financial

Egyptian tycoon Sawiris seeks to control group owning banks in 12 African countries
Business

Egyptian tycoon Sawiris seeks to control group owning banks in 12 African countries

  Beltone Financial, one of Egypt’s largest investment banks affiliated with business tycoon Naguib Sawiris, said on Sunday that the…
Egypt’s CIB and Beltone drop plans for CI Capital sale
Business

Egypt’s CIB and Beltone drop plans for CI Capital sale

Egypt's Commercial International Bank (CIB) has dropped plans to sell its investment bank CI Capital to Beltone Financial after failing…
Egypt’s CIB approves extension for Beltone Financial’s offer for CI Capital
Business

Egypt’s CIB approves extension for Beltone Financial’s offer for CI Capital

Egypt's Commercial International Bank (CIB) approved a two-week extension for an offer by Beltone Financial to acquire its subsidiary CI…
Egyptian court ruling allows CI Capital deal with Beltone
Business

Egyptian court ruling allows CI Capital deal with Beltone

A Cairo Court ruled in favour of Commercial International Bank (CIB) on Wednesday, pushing through the sale of shares in…
Egypt’s Beltone says still pursuing CI Capital acquisition
Business

Egypt’s Beltone says still pursuing CI Capital acquisition

Egypt's Beltone Financial will pursue its acquisition of CI Capital, the investment banking arm of the country's largest-listed bank, despite…
Orascom Telcom and Act Financial seek 100 pct of Beltone Financial
Business

Orascom Telcom and Act Financial seek 100 pct of Beltone Financial

Orascom Telecom Media and Technology and Act Financial are seeking to acquire 100 percent of Beltone Financial, Orascom Telecom said…
Egypt’s Beltone to issue bonus shares, raise capital
Business

Egypt’s Beltone to issue bonus shares, raise capital

Egypt's Beltone Financial Holding's unveiled a one-for-two stock dividend plan as part of a two-stage capital increase programme of up…
GB Auto’s full-year net income drops 46.7% on year
Business

GB Auto’s full-year net income drops 46.7% on year

GB Auto reported on Wednesday net income came in at LE116 million, down 46.7 percent y-o-y.  The board of directors…
Beltone: Central Bank of Egypt to keep rates unchanged
Business

Beltone: Central Bank of Egypt to keep rates unchanged

Cairo based investment bank Beltone Financial expects the state’s central bank (CBE) to keep policy rates unchanged at today’s meeting,…
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