Cairo – Mubasher: Beltone Financial Holding received purchase orders exceeding 7.89 million shares, which accounts for nearly 66.7% of the total number of shares the company offered earlier, according to the figures obtained from the OPR market.
Earlier, the Egyptian Exchange (EGX) said it will open the OPR market to allow Beltone to offer 11.83 million shares that represent 7% of its total shares at EGP 12.56 each.
Registering the selling orders over Beltone’s shares will continue in the OPR market until Thursday, 24 November.
Previously, Orascom Telecom, Beltone’s main shareholder, approved in principle to float not less than 5% and note more than 10% of Beltone’s shares on Egypt’s bourse.
