Arab Finance: Company announced Beltone Holding (BTFH) Its subsidiary, Beltone Venture Capital, has completed a strategic investment deal in the French e-bike rental company “Ville Velo”, which has a strong presence in the Moroccan market, according to the statement. Statement issued by the company.
This is one of a number of foreign strategic investments that Beltone Risk Capital aims to implement before the end of the year, as part of a larger expansion plan through which it looks to expand its portfolio outside the Egyptian market.
About the results of its business during the period from 01/01/2024 to 06/30/2024, it showed achieving a net profit assembly It amounted to 816,709,914 pounds, compared to the company achieving net losses amounting to 145,892,450 pounds during the period from 01/01/2023 to 06/30/2023.
In the same context, the company achieved a net profit independent For the period from 01/01/2024 to 06/30/2024, it was estimated at approximately 530,802,257 pounds, compared to net losses amounting to 168,868,938 pounds, during the comparative period of the previous fiscal year.
It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.
The company's purpose is to establish companies that issue securities or increase their capital, and to carry out the activity of custodians. The company works in the field of non-banking financial services, securities brokerage activity, and management of securities portfolios and investment funds.
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