Beltone Financial Holding, one of the fastest-growing investment banks, has announced the successful completion of all legal procedures required to issue and list 5,000,000,000 ordinary shares of its EGP 10,000,000,000 Rights Issue, following laws and regulations, Invest Gate reports.

Also, completing legal procedures and regulatory approvals has paved the way for Beltone to commence trading the newly listed shares on July 27, 2023.

The shares have been listed with Misr Clearing Company for Central Depository and Registry and the Egyptian Stock Exchange, following the completion of two subscription rounds to the Company’s Rights Issue.

The Company’s issued and paid-up capital currently stands at EGP 10,926,957,496, distributed over 5,463,478,748 shares.

Notably, Beltone Financial Holding is a leading financial services provider with a multi-decade track record of success in the MENA region. The Company offers a comprehensive and growing set of financial solutions such as brokerage, investment banking, asset management, equity research, and private equity, in addition to end-to-end non-banking financial institutions (NBFIs), including leasing, factoring, consumer finance, venture capital, and microfinance.