{"id":706740,"date":"2026-06-01T00:00:00","date_gmt":"2026-06-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=706740"},"modified":"2026-06-01T02:55:09","modified_gmt":"2026-06-01T02:55:09","slug":"beltone-taps-forvis-mazars-for-lumen-aegis-valuation","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/","title":{"rendered":"Beltone taps Forvis Mazars for Lumen Aegis valuation"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Beltone appointed Forvis Mazars to conduct a fair <\/strong><strong>value stud<\/strong><strong>y <\/strong><strong>o<\/strong><strong>n its upcoming acquisition of UAE-based Lumen Aegis Enterprises<\/strong>, it said in an <a target=\"_blank\" href=\"https:\/\/ent.news\/internal\/705734.pdf\" style=\"\">EGX disclosure (pdf)<\/a>. This comes after Beltone\u2019s general assembly approved the 100% acquisition of Lumen \u2014 a special purpose vehicle \u2014 from Chimera-owned ePointZero for a nominal value of USD 1 <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/12\/31\/sawiris-hof-eyes-bugatti-rimac\/\" style=\"\">last December<\/a>. The timeline of the acquisition was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters:<\/strong> The takeover would fold a portfolio of Emirati and Egyptian assets into Beltone\u2019s publicly listed balance sheet without passing the cost to existing shareholders. Lumen Aegis wholly owns Cairo-born firm Maseera, which acquired local consumer finance platform Adva <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/04\/09\/lng-regasification-unit-from-germany-to-dock-in-june-under-five-year-lease-agreement-plus-eni-simplex-rabbit-maseera-holding-adva-igt-solutions\/\" style=\"\">last year<\/a> and is backed by a <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/23\/uaes-2pointzero-takes-over-local-fintech-player-maseera-holding\/\" style=\"\">USD 1 bn<\/a> investment plan from 2PointZero, the investment arm of Abu Dhabi\u2019s International Holding Company.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">India drops cotton tariffs<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Local <\/strong><strong>cotton exporters<\/strong><strong> have a clear runway to ramp up shipments after <\/strong><strong>India <\/strong><strong>temporarily scrapped its import tariffs<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2267049&reg=3&lang=2\" style=\"\">press release<\/a>. Seeking to ease soaring raw material costs for its textile mills, New Delhi\u2019s zero-duty window will run from 1 June through 31 October 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>The move is a major boon for local exporters \u2014 India is our top buyer, purchasing some 20k tons so far this season and importing <a target=\"_blank\" href=\"https:\/\/oec.world\/en\/profile\/bilateral-product\/cotton\/reporter\/ind?selector2787id=trade_i_baci_a_22\" style=\"\">USD 129 mn<\/a> of Egyptian cotton in 2024 and <a target=\"_blank\" href=\"https:\/\/tradingeconomics.com\/egypt\/exports\/india\" style=\"\">USD 78.6 mn<\/a> in 2025. The timing is ideal, coming just as Egypt\u2019s cotton exports are forecast to jump 40% y-o-y to 350k bales in the 2026\/2027 marketing year, according to a report by the <a target=\"_blank\" href=\"https:\/\/ent.news\/2026\/5\/1488.pdf\" style=\"\">US Department of Agriculture (USDA) (pdf)<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>The sector is rebounding after a pricing crisis paralyzed the local market <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/17\/this-cotton-trading-season-was-a-wild-ride-heres-what-went-down\/\" style=\"\">last<\/a><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/17\/this-cotton-trading-season-was-a-wild-ride-heres-what-went-down\/\" style=\"\">year<\/a>. Uncompetitive government-anchored floor prices pushed private traders to boycott auctions last season, leaving 460k quintals unsold and forcing over 300 export firms to shut down due to massive losses. The Cabinet has since scrapped the floor pricing system to reflect global rates, which is now driving a projected 25% rise in cultivation area and pushing domestic production up to 325k bales next year, according to the USDA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: India\u2019s zero-duty window offers a lifeline for recovering cotton sector<\/p>\n","protected":false},"author":1,"featured_media":706741,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,9459,72,7128,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-706740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-beltone","tag-enterpriseam","tag-ma-watch","tag-trade","wpautop","entry"],"acf":{"mongo_id":"f35b93e1-febb-404e-830b-d2fd14d4db99","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/1144.jpg","photo_position":"above","homepage_title":"","full_issue_title":"A USD 1 transaction","related_issue":[706725],"teaser":"Plus: India\u2019s zero-duty window offers a lifeline for recovering cotton sector"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Beltone taps Forvis Mazars for Lumen Aegis valuation - 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\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beltone taps Forvis Mazars for Lumen Aegis valuation\" \/>\n<meta property=\"og:description\" content=\"Plus: India\u2019s zero-duty window offers a lifeline for recovering cotton sector\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-01T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-01T02:55:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Beltone taps Forvis Mazars for Lumen Aegis valuation\",\"datePublished\":\"2026-06-01T00:00:00+00:00\",\"dateModified\":\"2026-06-01T02:55:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/\"},\"wordCount\":338,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"Beltone\",\"EnterpriseAM\",\"M&amp;A Watch\",\"trade\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/\",\"name\":\"Beltone taps Forvis Mazars for Lumen Aegis valuation - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-06-01T00:00:00+00:00\",\"dateModified\":\"2026-06-01T02:55:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Beltone taps Forvis Mazars for Lumen Aegis valuation\"}]},{\"@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":"Beltone taps Forvis Mazars for Lumen Aegis valuation - 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\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/","og_locale":"en_US","og_type":"article","og_title":"Beltone taps Forvis Mazars for Lumen Aegis valuation","og_description":"Plus: India\u2019s zero-duty window offers a lifeline for recovering cotton sector","og_url":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2026-06-01T00:00:00+00:00","article_modified_time":"2026-06-01T02:55:09+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Beltone taps Forvis Mazars for Lumen Aegis valuation","datePublished":"2026-06-01T00:00:00+00:00","dateModified":"2026-06-01T02:55:09+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/"},"wordCount":338,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1","keywords":["ALSO ON OUR RADAR","Beltone","EnterpriseAM","M&amp;A Watch","trade"],"articleSection":["Also on our Radar"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/","url":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/","name":"Beltone taps Forvis Mazars for Lumen Aegis valuation - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1","datePublished":"2026-06-01T00:00:00+00:00","dateModified":"2026-06-01T02:55:09+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/01\/beltone-taps-forvis-mazars-for-lumen-aegis-valuation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Beltone taps Forvis Mazars for Lumen Aegis valuation"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1144.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":547055,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/07\/beltone-gives-its-suitors-the-nod-to-conduct-due-diligence-ahead-of-potential-acquisition\/","url_meta":{"origin":706740,"position":0},"title":"Beltone gives its suitors the nod to conduct due diligence ahead of potential acquisition","author":"enterpriseam admin","date":"7 June 2022","format":false,"excerpt":"Beltone Financial has given the go-ahead to a consortium of investors to conduct due diligence after it submitted an offer to acquire between 51% and 90% of the company this week, Beltone said in an EGX disclosure (pdf). The investors, led by WM Consultancy, have offered to buy the shares\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;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":549070,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/01\/beltone-elects-new-board-members-following-chimera-acquisition\/","url_meta":{"origin":706740,"position":1},"title":"Beltone elects new board members following Chimera acquisition","author":"enterpriseam admin","date":"1 September 2022","format":false,"excerpt":"Beltone Financial shareholders have elected four new board members as part of its restructuring of the board following Chimera Investments\u2019 acquisition of a majority stake in the firm, according to an EGX disclosure (pdf). For a period of three years, the board will now include: Dalia Khorshid (LinkedIn) as managing\u2026","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"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":706740,"position":2},"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 &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;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":547200,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/13\/bidding-war-over-beltone-afoot\/","url_meta":{"origin":706740,"position":3},"title":"Bidding war over Beltone afoot?","author":"enterpriseam admin","date":"13 June 2022","format":false,"excerpt":"UAE\u2019s Chimera puts in an offer for Beltone: Our friends at Abu-Dhabi based investment firm Chimera Investments have submitted a non-binding offer to acquire a controlling stake in Beltone Financial, according to a statement (pdf) by the Financial Regulatory Authority (FRA) and disclosures by Chimera (pdf) and Beltone (pdf).The breakdown:\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/249.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567216,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/15\/fra-approves-beltones-new-financial-leasing-mortgage-finance-arms\/","url_meta":{"origin":706740,"position":4},"title":"FRA approves Beltone\u2019s new financial leasing, mortgage finance arms","author":"enterpriseam admin","date":"15 January 2020","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":592219,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/02\/beltone-reportedly-wants-to-acquire-microlender-cash\/","url_meta":{"origin":706740,"position":5},"title":"Beltone reportedly wants to acquire microlender Cash","author":"enterpriseam admin","date":"2 August 2023","format":false,"excerpt":"Beltone this week announced plans to acquire an undisclosed microfinance player","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/57.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\/706740","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=706740"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/706740\/revisions"}],"predecessor-version":[{"id":706775,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/706740\/revisions\/706775"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/706725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/706741"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=706740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=706740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=706740"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=706740"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=706740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}