Egypt's Beltone Financial to seek $25.5 mn in August share sale

Egypt's Beltone Financial Holding said on Tuesday it had received regulatory approval for a 200 million Egyptian pound ($25.5 million) capital increase, enabling the financial services firm to offer shares on the Cairo bourse in August.

"We will raise the (existing) capital from 125.483 million pounds to 325.483 million pounds," Osama Rashad, head of investor relations, told Reuters by telephone.