Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block-trading transaction on the shares of Beltone Financial Holding.
The transaction involved the trading of 332.23 million shares at a total value of EGP 900.34 million, the EGX said in a statement on Thursday.
This deal is part of the horizonal demerger conducted by Orascom Investment Holding (OIH) to spin out several financial services companies into Orascom Financial Holding (OFH).
During the first nine months of 2020, Beltone incurred net losses of EGP 35.92 million, down from EGP 88.31 million in the corresponding period a year earlier, including minority shareholders’ rights.
