Cairo – Mubasher: Beltone Financial Holding said its board of directors gave a nod to raise the company’s free float rate on the Egyptian Exchange.
In the same vein, Orascom Telecom Media and Technology Holding, 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.
Earlier, Beltone said it acquired 60% of New York-based Auerbach Grayson brokerage.
