Cairo – Mubasher: The board of Beltone Financial Holding proposed to raise its issued capital to EGP 1 billion through rights issue, according to a bourse filing.
The company operates with an issued capital of EGP 338 million, distributed over 169 million at a par value of EGP 2 each.
Moreover, the board recommended increasing the company’s authorized capital to EGP 3 billion from EGP 1 billion.
Earlier, EGX listing committee approved a request from Beltone Financial Holding to increase its issued and paid-in capital to EGP 338.031 million from EGP 325.483 million
