Egypt: Beltone denies news of potential 16% stake sale to UAE’s Al Ansari Financial

This came as a response to news reporting that Al Ansari Financial Services aims to acquire a 16% stake in Beltone at an initial price of EGP 4.23 per share

Staff Writer, Arab Finance

February 23, 2026

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Arab Finance: Beltone Financial Holding refuted news claiming that the UAE's Al Ansari Financial Services intends to acquire a stake in its shares, according to a statement.

This came as a response to news reporting that Al Ansari Financial Services aims to acquire a 16% stake in Beltone at an initial price of EGP 4.23 per share.

Last December, Beltone penned an agreement with E Point Zero Limited to fully acquire UAE-based Lumen Aegis Enterprises SPV RSC LTD in exchange for $1 per share.

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