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Wednesday, 26 June 2019

Egypt's Beltone Financial eyes rights issue to fund non-banking services

Reuters, Wednesday 5 Nov 2014
Views: 634
Views: 634

Egypt's Beltone Financial said on Wednesday it was considering a two-stage capital increase aimed at funding its expansion in non-banking financial services.

It said the planned rights issue would be presented to shareholders for approval at a general assembly on Nov. 23. It did not give a target figure for the capital hike.

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