Egyptian stock exchange to delay approving Belton Financial request

The Egyptian Stock Exchange has said that it will delay approving Beltone Financial's capital increase request until the firm submits reasons for the move; the company has requested a EGP 1bn ($113m) capital increase.











Thank you for reporting! This image will be automatically disabled when it gets reported by several people.



OK





Egyptian bourse postpones Beltone Financial capital raise

Amwal Al Ghad Published in Amwal Al Ghad on 25 - 05 - 2016

The Egyptian stock exchange announced Wednesday in a statement it would delay approving Beltone Financial's capital increase request until the company submits reasons for the move.

The board of Egypt's Beltone Financial has requested a 1 billion Egyptian pound ($113 million) capital increase, Osama Rashad, head of investor relations, told Reuters on Tuesday.

Source: Reuters