Beltone Mulls Two Islamic Funds Establishment Next Year

Alaa Saba, Beltone Financial CEO, said the Group (BTFH.CA) is studying the establishment of two Islamic funds within  the coming year.

Saba added that Beltone’s study is reviewing the availability of the Islamic tools and mechanisms which the fund would need to invest in the Egyptian market after being ratified by the authorities in charge.

“Beltone also mulls making a number of acquisition deals in the Egyptian markets within the coming year but their value is undefined yet.” Saba added

Saba noted that the investment banks have to cooperate with the current government within the current phase so as to support the national economy and allure more foreign investments.