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Egyptian Gazette
Home Business

Capital increase subscription nears full coverage

by News Wires
March 25, 2025
in Business
Capital increase subscription nears full coverage 1 - Egyptian Gazette
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A financial services company (Beltone Holding (“Beltone” or the “Company”)) has announced the results of the initial phase of its capital increase subscription, revealing a strong investor response. The subscription achieved a coverage rate of 92.11%, with 4,950,772,631 shares subscribed out of the total 5,375,000,000 shares offered. The subscription period concluded on March 24, 2025.

The company has stated that it will release details regarding the second phase of the subscription upon receiving the necessary regulatory approvals from the Financial Regulatory Authority (FRA). This near-full subscription in the first round indicates significant investor confidence and interest in the company’s growth strategy.

Tags: BeltoneEgypt
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The Egyptian Gazette is the oldest English-language daily newspaper in the Middle East.
It was first published on January 26, 1880 and it is part of El Tahrir Printing and Publishing House.

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