Arab Finance: Beltone Financial Holding has obtained approval from the Financial Regulatory Authority (FRA) to start the ownership transfer process of the e-payment firm CashCall, according to a disclosure on September 21st.
On September 4th, Beltone announced the completion of the due diligence process on CashCall and signed the final contract to acquire the latter directly and indirectly via Beltone and its subsidiaries.
Beltone operates within the diversified financial sector. It provides brokerage, asset management, investment banking, and liquidity services in regional markets, in addition to research and analysis services.