{"id":595750,"date":"2019-08-05T04:00:36","date_gmt":"2019-08-05T04:00:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/beltone-financial-shareholders-approve-capital-increase-to-egp-898-4-mn\/"},"modified":"2019-08-05T04:00:36","modified_gmt":"2019-08-05T04:00:36","slug":"beltone-financial-shareholders-approve-capital-increase-to-egp-898-4-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/beltone-financial-shareholders-approve-capital-increase-to-egp-898-4-mn\/","title":{"rendered":"Beltone Financial shareholders approve capital increase to EGP 898.4 mn"},"content":{"rendered":"

Beltone Financial shareholders have approved a capital increase to EGP 898.4 mn from EGP 338 mn, the company said in an EGX disclosure (pdf).<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Beltone Financial shareholders have approved a capital increase to EGP 898.4 mn from EGP 338 mn, the company said in an EGX disclosure (pdf).<\/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":[9315],"tags":[812,72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595750","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-beltone-financial","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"aa6f5fda-927d-411f-b902-707f46d2a696","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[595715],"teaser":"","voice_url":""},"yoast_head":"\nBeltone Financial shareholders approve capital increase to EGP 898.4 mn - 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\/2019\/08\/05\/beltone-financial-shareholders-approve-capital-increase-to-egp-898-4-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beltone Financial shareholders approve capital increase to EGP 898.4 mn\" \/>\n<meta property=\"og:description\" content=\"Beltone Financial shareholders have approved a capital increase to EGP 898.4 mn from EGP 338 mn, the company said in an EGX disclosure (pdf).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/beltone-financial-shareholders-approve-capital-increase-to-egp-898-4-mn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-05T04:00:36+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\/2019\/08\/05\/beltone-financial-shareholders-approve-capital-increase-to-egp-898-4-mn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/beltone-financial-shareholders-approve-capital-increase-to-egp-898-4-mn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Beltone Financial shareholders approve capital increase to EGP 898.4 mn\",\"datePublished\":\"2019-08-05T04:00:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/beltone-financial-shareholders-approve-capital-increase-to-egp-898-4-mn\/\"},\"wordCount\":31,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Beltone Financial\",\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/beltone-financial-shareholders-approve-capital-increase-to-egp-898-4-mn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/beltone-financial-shareholders-approve-capital-increase-to-egp-898-4-mn\/\",\"name\":\"Beltone Financial shareholders approve capital increase to EGP 898.4 mn - 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The capital increase will allow Beltone to pay off\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590442,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/beltones-record-egp-10-bn-capital-increase-closes-sees-foreign-institutions-take-stakes\/","url_meta":{"origin":595750,"position":1},"title":"Beltone\u2019s record EGP 10 bn capital increase closes, sees foreign institutions take stakes","author":"enterpriseam admin","date":"19 July 2023","format":false,"excerpt":"Second phase of rights issue was c. 5.5x oversubscribed","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/800.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589174,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/22\/abou-hashima-to-acquire-5-of-beltone\/","url_meta":{"origin":595750,"position":2},"title":"Abou Hashima to acquire 5% of Beltone","author":"enterpriseam admin","date":"22 June 2023","format":false,"excerpt":"Beltone is looking to raise EGP 10 bn via a capital increase","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1144.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548344,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/04\/chimera-is-getting-56-of-beltone-and-no-more\/","url_meta":{"origin":595750,"position":3},"title":"Chimera is getting 56% of Beltone, and no more","author":"enterpriseam admin","date":"4 August 2022","format":false,"excerpt":"It\u2019s official: Chimera is Beltone\u2019s new majority shareholder: Chimera Investments acquired a 56% stake in Beltone Financial through its mandatory tender offer for up to 90% of the company, which expired yesterday, the EGX said (pdf). The Abu Dhabi-based investment company will acquire the stake from Orascom Financial Holding (OFH),\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547954,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/fra-approves-chimeras-bid-to-acquire-beltone\/","url_meta":{"origin":595750,"position":4},"title":"FRA approves Chimera\u2019s bid to acquire Beltone","author":"enterpriseam admin","date":"20 July 2022","format":false,"excerpt":"Chimera is one step closer to acquiring Beltone: Chimera Investments\u2019 bid to acquire up to 90% of Beltone Financial is poised to go through after getting the Financial Regulatory Authority\u2019s (FRA) stamp of approval, the regulator said in a disclosure to the EGX (pdf) yesterday.Refresher: Chimera filed in June for\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/206.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575322,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/12\/egypts-beltone-sme-to-launch-egp-1-bn-investment-fund-in-2021\/","url_meta":{"origin":595750,"position":5},"title":"Egypt\u2019s Beltone SME to launch EGP 1 bn investment fund in 2021","author":"enterpriseam admin","date":"12 October 2020","format":false,"excerpt":"Beltone SME will launch a EGP 1 bn investment fund by the end of 2021, Beltone Financial Holding CEO Ibrahim Karam told Al Mal. 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