Business tycoon Naguib Sawiris (Photo Credit: Arabianeye - Reuters)
CIB
COMI
-2.21%
133.00
-3.00
COMI
Orascom Investment Holding
OIH
-0.67%
1.48
-0.01
OIH
Beltone Holding
BTFH
0.33%
3.08
0.01
BTFH
Cairo – Mubasher: The Egyptian Financial Supervisory Authority (EFSA) announced Wednesday postponing a decision on the acquisition bid made by Beltone Financial Holding for CIB's investment banking arm CI Capital.
The market regulator said it would wait a resolution of a court case involving Naguib Sawiris who is a major shareholder in Orascom Telecom Media and Technology (OTMT).
Source:
Mubasher