Arab Finance: Egyptian tycoon Ahmed Abou Hashima has purchased about 5% of Beltone Financial Holding through rights issue that allows subscription to capital increase shares, Asharq Business reported on June 21^st, citing unnamed sources familiar with the matter.

Belton Financial’s capital hike by about EGP 10 billion is the second largest increase witnessed by the Egyptian Exchange (EGX) after the EGP 15 billion capital increase of Orange Egypt in March 2020.

Beltone is an Egypt-based company, which operates within the diversified financial sector focusing on investment banking and brokerage.

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