Arab Finance: Company Board of Directors approved Beltone Holding (BTFH)to increase its capital by 10.75 billion pounds. This step supports Beltone’s growth strategy, strengthening its position in the market, and benefiting from data science to expand its financial services and expand the scope of its product offerings.
About the results of its business during the period from 01/01/2024 to 09/30/2024, it showed achieving a net profit assembly It amounted to 1,130,680,997 pounds, compared to the company achieving a net profit of 85,777,843 pounds during the period from 01/01/2023 to 09/30/2023.
In the same context, the company achieved a net profit independent For the period from 01/01/2024 to 09/30/2024, it was estimated at approximately 650,172,468 pounds, compared to a net profit of 301,844,173 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 purpose of the company 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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