Economy and Stock Exchange

“Beltone” stock rose by 45% in June, and “Sawiris” is close to selling

The share of Beltone Financial Holding Company rose by 45.92% during the trading month of last June, to close at 1.484 pounds, with a trading volume of 125.6 million shares, worth 166.2 million pounds, after two offers, one of them Emirati, to buy the company.

Beltone Financial Holding Company received two offers last June; The first was from WM Consulting, on June 5, with an initial price of 1.35 pounds per share, and the second from the UAE Shemira Investment Company, with an initial price of 1.485 pounds per share, and Beltone Financial agreed to conduct the first due diligence before retracting this step after the progress of the second company. higher width.

Businessman Naguib Sawiris, the main shareholder in Beltone Financial Holding, is close to selling his stake to the Emirati Shemera Investment Company, after submitting an initial offer at a price of 1.485 pounds higher than the offer of WM Consulting, and the latter has not yet made a purchase offer.

Beltone Financial Holding achieved profits of 3.835 million pounds during the period from January to the end of last March, compared to profits of 3.803 million pounds in the comparative period of 2021, taking into account minority rights. The company’s total revenues rose to 107.26 million pounds at the end of last March. Compared to revenues of 97.94 million pounds in the first quarter of last year.

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