Beltone Holding (BTFH)

Cairo – Mubasher: Beltone Venture Capital, a subsidiary of Beltone Holding, penned a deal with CI Venture Capital, a wholly-owned unit of Abu Dhabi-based Citadel International Holdings, to manage a $30 million fund. The fund, which began deploying …

Cairo – Mubasher: Beltone Holding’s consolidated net operating profit skyrocketed 3,597% year-on-year (YoY) to EGP 1.02 billion in 2023 from EGP 27.80 million. The consolidated operating revenue surged 411% YoY to EGP 1.87 billion last year from …

Cairo – Mubasher: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, has signed an EGP 925 million syndicated factoring deal for Redcon Properties. The agreement is aimed at providing financial support to Redcon Properties, the real …

Cairo – Mubasher: Beltone Holding has entered into a multidimensional collaboration agreement with the BOA Group, the holding company managing the Sub-Saharan subsidiaries of Bank of Africa - BMCE Group. The Egyptian company is mulling over …

Cairo – Mubasher: The extraordinary general meeting (EGM) of Beltone Financial Holding agreed to change the company’s name to Beltone Holding. The shareholders greenlighted the rebranding during their meeting that was held on 1 February 2024, …

Cairo – Mubasher: Beltone Leasing and Factoring Company, a fully-owned subsidiary of Beltone Financial Holding, penned a club deal agreement with Cairo Leasing Corporation and Easy Lease. Through the partnership, Beltone seeks to finance Egyptians …

Cairo – Mubasher: Beltone Asset Management, a wholly-owned subsidiary of Beltone Financial Holding, has launched Beltone Evolve Gold Fund Sabayek, according to a press release. Co-sponsored by Beltone Securities Holding and Evolve Investment …

Cairo – Mubasher: Beltone Leasing and Factoring Company, a wholly owned subsidiary of Beltone Financial Holding, signed a sale and leaseback agreement worth EGP 250 million with Kandil Glass. The deal covers the sale and leaseback of real estate …

Cairo – Mubasher: Beltone Financial Holding announced that its wholly owned subsidiary Beltone Capital and its investment platform NEPIT plan to acquire a 51% stake in the National Seeds Company (NSC). Beltone highlighted that the transaction is …

Cairo – Mubasher: Healthy Food and Beverage (F&B) brand Lychee Egypt unveiled expansion plans to enter the Gulf area which will follow its first investment in the Saudi Arabian market, according to a press release. Entering the Saudi market is …

Cairo – Mubasher: Beltone Leasing and Factoring Company, a fully-owned subsidiary of Beltone Financial Holding, inked an agreement worth EGP 200 million with the Egyptian Company for Import and Export (EGMED). The agreement marks Beltone Leasing’s …

Cairo – Mubasher: Beltone Financial Holding turned profitable at EGP 85.77 million in the first nine months (9M) of 2023, against consolidated net losses after tax valued at EGP 139.88 million in 9M-22 Total operating revenues amounted to EGP …

Cairo – Mubasher: Beltone Leasing and Factoring Company, a wholly owned subsidiary of Beltone Financial Holding, has signed a sale and leaseback agreement with Al Ahly Sabbour for Real Estate Developments. The deal covers the sale and leaseback of …

Cairo – Mubasher: Beltone Capital, a wholly owned subsidiary of Beltone Financial Holding, signed a framework agreement with CRIF to enhance the digital banking services in Egypt as well as the MENA region. The two entities will cooperate on …

Cairo – Mubasher: Beltone Financial Holding obtained the approval of its shareholders to buy an administrative building from the Six of October Development and Investment (SODIC). Belton will ink the EGP 1.11 billion purchase deal with the Sixth …

Cairo – Mubasher: Beltone Financial Holding incurred net losses after tax valued at EGP 145.89 million in the first half (H1) of 2023, marking a year-on-year (YoY) surge from EGP 105.58 million. Total revenues amounted to EGP 292.58 million in the …

Cairo – Mubasher: Sehatech, a leading health tech startup in Egypt, has raised $850,000 in a funding round from A15 and Beltone Venture Capital (VC) of Beltone Financial Holding, according to a press release. The startup will use the investment to …

Cairo – Mubasher: Beltone Leasing, a wholly owned subsidiary of Beltone Financial Holding, signed a sale and lease back agreement with Pickalbatros Hotels and Resorts Group at a value of  EGP 750 million. The transaction covers the Laguna Vista …

Cairo – Mubasher: Beltone Financial Holding closed the largest capital increase in the history of the Egyptian Stock Exchange (EGX), according to a press release. Beltone completed two subscription rounds at nearly EGP 10 billion by offering 5 …

Cairo – Mubasher: The ordinary general meeting (OGM) of Six of October Development and Investment Company (SODIC) agreed to sell EDNC Building No 1 at Eastown Project in New Cairo at a value of EGP 1.11 billion. Development and Real Estate …

Cairo – Mubasher: Beltone Financial Holding turned to consolidated net losses after tax valued at EGP 52.03 million in the first quarter (Q1) of 2023. The incurred net losses were compared with net profits amounting to EGP 3.83 million in Q1-22, …

Cairo – Mubasher: The consolidated net losses after tax of Beltone Financial Holding enlarged to EGP 268.97 million in 2022, versus EGP 169.76 million in 2021. The loss per share amounted to EGP 0.59 as of 31 December 2022, higher than EGP 0.38 a …

Cairo – Mubasher: Beltone Financial Holding turned to consolidated net losses of EGP 139.88 million in the first nine months of 2022, against consolidated net profits of EGP 10.45 million in the same period in 2021, including minority …

Cairo – Mubasher: The board of directors of Beltone Financial Holding approved obtaining a loan from UAE’s Chimera Investments, or one of its subsidiaries, at a value of EGP 1.34 billion.   The interest-free loan carries a maturity period of 12 …

Cairo – Mubasher: Beltone Financial Holding has made a statement to reply to the news reporting a potential capital increase.  The EGX-listed firm said the company’s ordinary general meeting (OGM) is set to meet on 31 August 2022 to elect a new …