Cairo – Mubasher: Beltone Financial Holding said it has been given the green light by the Egyptian Financial Supervisory Authority (EFSA) to raise its issued capital through bonus share distribution.
The bonus shares represent 3.85% of capital, said Osama Rashad, head of investor relations at Beltone.
The company’s bonus issue amounts to EGP 12.548 million, distributed over 6.27 million shares at EGP 2 each.
Upon finalising the increase, the company’s capital will move up to EGP 338.031 million from EGP 325.483 million.
In October 2015, the company raised its capital to EGP 325.48 million from EGP 125.48 million
