The Egyptian "Beltone Holding" attempts to increase its capital for the second time

The Egyptian “Beltone Holding” business, which works in the financial services sector, is on their way to improve its capital with great value for the second time in a row in less than two years, with the aim of supporting growth and strengthening its market center. The Beltone Council, which is listed on the Egypt Stock Exchange, agreed to increase the paid capital by approximately 10.75 billion pounds, by subscription for the shareholders of the rise in the rise, each according to the shareholding rate, by issuing 5.4 billion shares with a nominal value of two pounds per share, according to a disclosure of the company on Wednesday. In the case of completing this cash increase, it will be Among the largest in the Egyptian Market, and the company has previously raised its capital at about 10 billion pounds in July 2023. The company witnessed a shift in the structure of its owns in 2022, as the uae “shemira” Bought 56% of the Shares of “Beltone”, Compared to About 385 Million Pounds, at a price of 1.485 Pounds per share when the local The exchange rate was 18.9 pounds per dollar, while the share is currently trading at 2.7 pounds, and the dollar is 50.95 pounds. Increasing the capital of “Beltone” will be the second largest increase in the Egypt stock exchange after the capital of “Orange” communication was increased by about 15 billion pounds in March 2020, and the greater than the increase in the commercial international bank of its capital by 10 billion pounds in September 2022. Beltone Holding “is one of the largest financial institutions, followed by more than 18.” 2006 founded by an Egyptian joint stock company, and its shares were admitted to the Egyptian Stock Exchange in April 2008.