Egypt’s Beltone Watching out Financial Sector’s Opportunities to Acquire Firms

Egypt’s Beltone Financial (BTFH) is watching out for opportunities in the financial sector to acquire companies or get a stake in it, after the EFG-Hermes deal didn’t go through, said its chief executive officer Alaa Saba.

The financial sector is in constant growth and is witnessing noticeable activity in the current stage will contribute to the acquisition, merger, and establishment of new companies, Saba said

Beltone is working on listing more than a company in the current period, the first one will be in the second quarter of 2015, after restructuring in the previous month, Saba said.

Listing procedures in the bourse takes from 6 to 9 months, Saba stated.