Arab Finance: Company announced Beltone Holding (BTFH)On the approval of the Board of Directors, held on 12/24/2024, to submit a proposal to the Extraordinary General Assembly regarding increasing the authorized capital of the company from 11 billion pounds to 22 billion pounds, as well as increasing the issued capital from 10.926 billion pounds to 21.676 billion pounds, an increase An amount of 10.75 billion pounds, the company reported in Her statement Sent to the Egyptian Stock Exchange.
She explained that the increase will be financed by inviting old shareholders to subscribe to the increase shares through the issuance of 5.375 billion shares to be subscribed for at a nominal value of 2 pounds per share, with the right to subscribe for the increase shares being traded separately from the original share.
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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