Beltone Financial To Increase Beltone IT Capital To EGP 60 Mln

Beltone Financial Holding (BTFH.CA) has announced the restructure of 49% of its subsidy Beltone Information Technology’s Board of Directors.

Beltone Financial Holding added that the restructure plan includes also moving its securities brokerage firms to Beltone Information Technology.

Furthermore, Beltone Financial Holding mentioned that the company is currently conducting a capital increase of Beltone Information Technology to EGP 60 million as soon as possible after completing the required procedures.

The company added, in a release sent to EGX that, this increase was announced previously along with restructuring plan.