CAIRO, May 25 (Reuters) - The Egyptian exchange said on Wednesday in a statement it would delay approving Beltone Financial's capital increase request until the company submits reasons for the move.
The board of Egypt's Beltone Financial has requested a 1 billion Egyptian pound ($113 million) capital increase, Osama Rashad, head of investor relations, told Reuters on Tuesday.
($1 = 8.8799 Egyptian pounds)
(Reporting by Ehab Farouk; Writing by Amina Ismail; Editing Dominic Evans) ((amina.ismail@thomsonreuters.com; +20 2 2394 8114;))
The board of Egypt's Beltone Financial has requested a 1 billion Egyptian pound ($113 million) capital increase, Osama Rashad, head of investor relations, told Reuters on Tuesday.
($1 = 8.8799 Egyptian pounds)
(Reporting by Ehab Farouk; Writing by Amina Ismail; Editing Dominic Evans) ((amina.ismail@thomsonreuters.com; +20 2 2394 8114;))
