Cairo – Beltone Financial Holding announced its future development plan proposed by the board of directors.
The company will rely on diversified financing and strategic support to create opportunities for the entry of new shareholders of local, regional, and international institutions in order to support the company’s plans through selling a stake in the company or increasing the company’s capital, according to a bourse disclosure on Sunday.
Negotiations will be held with institutions interested in the matter before the company takes a decision.
In 2020, Beltone Financial Holding incurred consolidated net losses of EGP 132.42 million, up from EGP 91.50 million a year earlier, excluding minority shareholders’ rights.
Source: Mubasher
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