Beltone Egypt awaits FRA’s approval to set up new SMEs financing firm

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The new firm will be set up with an issued and paid-up capital of EGP 250 million

Staff Writer, Arab Finance

December 5, 2023

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Beltone Financial Holding has submitted a request to the Financial Regulatory Authority (FRA) for the preliminary approval on establishing a company to finance small- and medium-sized enterprises (SMEs), as per a statement on December 4th.

The new firm will be set up with an issued and paid-up capital of EGP 250 million.

The yet-to-be-established company will be fully owned by Beltone; directly and indirectly.

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