CAIRO, Aug 14 (Reuters) - Egypt's Beltone Financial
The investment bank aims to raise $150-200 million in the first phase of the investment fund, Bassem Azzab said.
Beltone aims to acquire brokerages in Egypt and frontier markets, Azzab said. He expects the company to manage the initial public offering of a pharmaceutical company worth over 1 billion Egyptian pounds ($56.37 million) on the Egyptian stock market before the end of 2017.
($1 = 17.7400 Egyptian pounds)
(Reporting by Ehab Farouk; Writing by Arwa Gaballa; Editing by Eric Knecht) ((arwa.gaballa@thomsonreuters.com; +20 2 2578 3290;))
The investment bank aims to raise $150-200 million in the first phase of the investment fund, Bassem Azzab said.
Beltone aims to acquire brokerages in Egypt and frontier markets, Azzab said. He expects the company to manage the initial public offering of a pharmaceutical company worth over 1 billion Egyptian pounds ($56.37 million) on the Egyptian stock market before the end of 2017.
($1 = 17.7400 Egyptian pounds)
(Reporting by Ehab Farouk; Writing by Arwa Gaballa; Editing by Eric Knecht) ((arwa.gaballa@thomsonreuters.com; +20 2 2578 3290;))
