{"id":567216,"date":"2020-01-15T04:00:59","date_gmt":"2020-01-15T04:00:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/"},"modified":"2020-01-15T04:00:59","modified_gmt":"2020-01-15T04:00:59","slug":"fra-approves-beltones-new-financial-leasing-mortgage-finance-arms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/","title":{"rendered":"FRA approves Beltone\u2019s new financial leasing, mortgage finance arms"},"content":{"rendered":"

The Financial Regulatory Authority has approved Beltone Financial\u2019s plans to establish financial leasing and mortgage finance subsidiaries, Beltone\u2019s Director of Investor Relations Osama Rashad, the local press reports<\/a>. Beltone will hold a 98% stake in the two companies. The company will disclose the value of the two new arms once they\u2019re launched, Rashad said, without providing a timeframe for the launch.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Financial Regulatory Authority has approved Beltone Financial\u2019s plans to establish financial leasing and mortgage finance subsidiaries, Beltone\u2019s Director of Investor Relations Osama Rashad, the local press reports. Beltone will hold a 98% stake in the two companies. The company will disclose the value of the two new arms once they\u2019re launched, Rashad said, without […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[2372,812,72,76,242,2061],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567216","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-beltone-financial","tag-enterpriseam","tag-financial-regulatory-authority","tag-leasing","tag-mortgage-finance","wpautop","entry"],"acf":{"mongo_id":"0be05615-0410-4e3c-871b-3021ae24457b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[567182],"teaser":"","voice_url":""},"yoast_head":"\nFRA approves Beltone\u2019s new financial leasing, mortgage finance arms - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRA approves Beltone\u2019s new financial leasing, mortgage finance arms\" \/>\n<meta property=\"og:description\" content=\"The Financial Regulatory Authority has approved Beltone Financial\u2019s plans to establish financial leasing and mortgage finance subsidiaries, Beltone\u2019s Director of Investor Relations Osama Rashad, the local press reports. Beltone will hold a 98% stake in the two companies. The company will disclose the value of the two new arms once they\u2019re launched, Rashad said, without […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-15T04:00:59+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"FRA approves Beltone\u2019s new financial leasing, mortgage finance arms\",\"datePublished\":\"2020-01-15T04:00:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/\"},\"wordCount\":73,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"Beltone Financial\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"leasing\",\"mortgage finance\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/\",\"name\":\"FRA approves Beltone\u2019s new financial leasing, mortgage finance arms - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-01-15T04:00:59+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FRA approves Beltone\u2019s new financial leasing, mortgage finance arms\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FRA approves Beltone\u2019s new financial leasing, mortgage finance arms - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/","og_locale":"en_US","og_type":"article","og_title":"FRA approves Beltone\u2019s new financial leasing, mortgage finance arms","og_description":"The Financial Regulatory Authority has approved Beltone Financial\u2019s plans to establish financial leasing and mortgage finance subsidiaries, Beltone\u2019s Director of Investor Relations Osama Rashad, the local press reports. Beltone will hold a 98% stake in the two companies. The company will disclose the value of the two new arms once they\u2019re launched, Rashad said, without […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-01-15T04:00:59+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"FRA approves Beltone\u2019s new financial leasing, mortgage finance arms","datePublished":"2020-01-15T04:00:59+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/"},"wordCount":73,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["BANKING + FINANCE","Beltone Financial","EnterpriseAM","Financial Regulatory Authority","leasing","mortgage finance"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/","name":"FRA approves Beltone\u2019s new financial leasing, mortgage finance arms - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2020-01-15T04:00:59+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"FRA approves Beltone\u2019s new financial leasing, mortgage finance arms"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":567138,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/beltone-to-offload-majority-stake-in-auerbach-grayson-amid-losses\/","url_meta":{"origin":567216,"position":0},"title":"Beltone to offload majority stake in Auerbach Grayson amid losses","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"M&A WATCH- Beltone to offload majority stake in Auerbach Grayson brokerage amid losses: Beltone Financial intends to sell its 60% stake in New York-based brokerage firm Auerbach Grayson before March in a bid to return the company to profitability, CEO Ibrahim Karam told Reuters. The board, which has authorized Karam\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599691,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/08\/fra-looking-to-file-criminal-case-against-beltone-officials-over-sarwa-ipo\/","url_meta":{"origin":567216,"position":1},"title":"FRA looking to file criminal case against Beltone officials over Sarwa IPO","author":"enterpriseam admin","date":"8 January 2019","format":false,"excerpt":"FRA looking to file criminal case against Beltone officials over Sarwa IPO: The Financial Regulatory Authority (FRA) is looking to file a criminal case against officials at Beltone Financial\u2019s brokerage and investment banking arms over alleged irregularities in the IPO of Sarwa Capital, according to statements from the FRA presented\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/543.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573300,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/beltone-awaits-us-regulatory-approval-for-auerbach-grayson-sale-to-launch-consumer-finance-arm-within-weeks\/","url_meta":{"origin":567216,"position":2},"title":"Beltone awaits US regulatory approval for Auerbach Grayson sale, to launch consumer finance arm within \u2018weeks\u2019","author":"enterpriseam admin","date":"28 July 2020","format":false,"excerpt":"M&A WATCH- Beltone Financial is waiting on US regulatory approval to complete the sale of its 60% stake in New York-based brokerage Auerbach Grayson, according to a bourse filing (pdf). Beltone signed the stake over to an unnamed group of investors in April and expected the regulatory approvals to be\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587910,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/04\/hassan-allam-properties-signs-egp-500-mn-sale-leaseback-agreement-with-beltone\/","url_meta":{"origin":567216,"position":3},"title":"Hassan Allam Properties signs EGP 500 mn sale-leaseback agreement with Beltone","author":"enterpriseam admin","date":"4 June 2023","format":false,"excerpt":"HAP will finance commercial and hospitality assets owned by two of its subsidiaries","rel":"","context":"In "Real estate"","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/69.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573839,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/19\/beltone-to-launch-three-nbfs-firms-next-month-eyeing-return-to-profitability\/","url_meta":{"origin":567216,"position":4},"title":"Beltone to launch three NBFS firms next month, eyeing return to profitability","author":"enterpriseam admin","date":"19 August 2020","format":false,"excerpt":"Beltone Financial Holding will set up three new non-banking financial companies in September in a bid to return to profitability, CEO Ibrahim Karam said in an interview with Reuters on Tuesday. Beltone will set up a financial leasing company targeting a first-year portfolio of EGP 600 mn, a consumer finance\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":610522,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/21\/beltone-pushes-into-mortgage-financing-targeting-secondary-market-with-faster-turnaround-times\/","url_meta":{"origin":567216,"position":5},"title":"Beltone pushes into mortgage financing, targeting secondary market with faster turnaround times","author":"enterpriseam admin","date":"21 November 2023","format":false,"excerpt":"The company plans to offer the shortest processing time in the mortgage finance market","rel":"","context":"In "FINANCIAL SERVICES"","block_context":{"text":"FINANCIAL SERVICES","link":"https:\/\/enterpriseam.com\/egypt\/category\/financial-services\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1084.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=567216"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/567216\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/567182"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=567216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=567216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=567216"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=567216"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=567216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}