Beltone Financial

Beltone records losses of LE 35.92M in 9 months of 2020

Thu, 12 Nov 2020 - 08:58 GMT

As per standalone results, the company recorded losses of LE 51.93 million, compared to losses of LE 20.55 million in the nine months of 2019.

Beltone Financial organizes conference on investment opportunities in Egypt next week

Mon, 23 Sep 2019 - 12:39 GMT

Beltone Investment Banking, an affiliate of Beltone Financial Holding, will organize a conference for investment opportunities in Egypt in Dubai next week

Orascom Investment withdraws acquisition offer of NILE Sugar

Tue, 09 Jul 2019 - 01:38 GMT

It also approved to grant a shareholder’s loan to its subsidiary Beltone Financial Holding amounting to $1.55 million.

Beltone Financial expects 100bps interest rates cut during May

Mon, 13 May 2019 - 02:46 GMT

“There is another room for another 100bps which was pending confirmation on eased inflation with April reading.”

Beltone Financial honoured in bt100 awards ceremony for being best asset manager in Egypt

Tue, 05 Mar 2019 - 02:11 GMT

Bassem Azab, CEO Beltone Financial, Beltone Financial, received the bt100 crystal award on behalf of Beltone Financial for being the best asset manager in Egypt.

Sawiris pays LE2B as reconciliation bill with FRA

Wed, 27 Feb 2019 - 10:09 GMT

The bill included LE 1.6 billion for the purchase of Sarwa Capital's 261.8 million shares at a price of LE 7.36 per share representing 30 percent of the issued share capital.

Egypt's Beltone Financial pays settlement to end suspension of underwriting unit

Mon, 25 Feb 2019 - 11:47 GMT

Egypt’s Beltone Financial Holding has paid a settlement of 16 million Egyptian pounds ($914,800) to end the suspension of its underwriting unit.

Beltone anticipates CBE to keep interest rates unchanged in February

Wed, 13 Feb 2019 - 04:24 GMT

Beltone’s expectation came as the inflation outlook will remain hostage to the uncertain trajectory of volatile food prices.

Beltone foresees $17.6M net outflows for EGX biyearly revision

Thu, 17 Jan 2019 - 09:28 GMT

“Our expectations for rebalancing suggest that eight companies from the EGX30 may be de-listed due to non-meeting of the trading value criteria,” Beltone stated.

Beltone Financial expects $11B tourist revenues in 2019

Wed, 26 Dec 2018 - 01:29 GMT

The Egyptian economic performance is very promising, it added in an annual report on the Egyptian economy released on Wednesday.

Beltone’s grievances of FRA decisions rejected

Mon, 24 Dec 2018 - 01:19 GMT

The Grievance Committee of the commission decided to accept Beltone Financial's grievances' form and reject its subject.

Sarwa Capital’s IPO prospectus witnesses no irregularities: Beltone

Tue, 06 Nov 2018 - 10:17 GMT

Beltone received 10 mandates from companies for share offerings, acquisitions and other services.

Beltone affirms trading activities continuity after FRA’s decision of suspension

Sun, 04 Nov 2018 - 12:51 GMT

Beltone said that FRA’s decisions are surprising and that the company is yet to be informed of reasons for their issuance and their stipulations.

Inflation rates match expectations, back to downtrend in August

Wed, 11 Jul 2018 - 08:54 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that annual consumer price inflation slipped to 13.8 percent in June 2018.

Beltone Financial expects CBE to keep interest rates unchanged

Sun, 10 Jun 2018 - 02:15 GMT

It said that inflation rates, on an annual basis, dropped 11.4 percent in May from 13.1 percent in April against expectations that it would reach 13 percent.

Inflationary pressures to decline: Beltone

Wed, 11 Apr 2018 - 08:54 GMT

Beltone expects a total cut of the interest rates by 400 basis points during fiscal year 2017/2018.

Beltone Financial marks a profit of LE 9M in 2017

Mon, 12 Mar 2018 - 05:24 GMT

Beltone Financial announced Monday that it reported earnings after minority amounting to LE 9 million in 2017, compared to LE 44 million in 2016.

Business News Wrap Up

Mon, 12 Mar 2018 - 03:24 GMT

A wrap-up of the most prominent business news of the day.

Egypt Telecom to acquire 5% stake of mobile market in 2018

Mon, 12 Mar 2018 - 10:29 GMT

Beltone Financial anticipated that the company’s market stake would increase to 12 percent by 2022 with 14.5 million subscribers.

Budget deficit to decrease to 10% of GDP: Beltone

Tue, 27 Feb 2018 - 09:26 GMT

Beltone expected that direct foreign investments and the recovery of consumption rates will lead the growth rates of fiscal year 2017/2018.