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Beltone Holding closes first round of blockbuster EGP 10.8 bn capital increase
The total increase will see Beltone’s capital rise to EGP 21.7 bn
Beltone Leasing and Factoring signs EGP 4 bn syndicated leasing term sheet with Al Qalaa Al Hamraa
The move will help Al Qalaa Al Hamraa finance the construction of Al Ahly Club’s stadium and sports city
Minimum capital requirements for ins. companies raised in response to deprecating EGP
The new capital requirements for insurance firms take paid-up and issued capital to EGP 600 mn within two years
ExxonMobil discovers natural gas at its first ever offshore well in Egypt. PLUS:Alqahtani Holding + Tanmia Petroleum + Enppi + Petrojet, Alstom, CI Capital, Misr Beni Suef Cement
The size of the find has yet to be determined, but pre-drill estimates came in at around 3.5 tn cubic…
Flend secures Egypt’s first digital NBFI license for SME finance
Flend offers tech enabled, data driven financing solutions to SMEs in Egypt
Beltone Holding announces EGP 10.75 bn capital increase
Beltone completed a mega EGP 10 bn capital increase on the EGX last year
Beltone Leasing and Factoring inks EGP 350 mn agreement with SEKEM
The agreement will include the sale and leaseback of SEKEM’s real estate assets
Beltone Capital and Italy’s CRIF Ratings form JV to launch the country’s second credit rating agency
The entity is expected to commence operations following FRA approval
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