Cairo – Mubasher: The ordinary general meeting (OGM) of Beltone Financial Holding approved an agreement between its subsidiary companies and Orascom Investment Holding (OIH) and Orascom Financial Holding (OFH).
The company agreed to provide financial services to OIH and OFH in exchange for a commission of up to 5% of any closed deal, according to a bourse disclosure on Wednesday.
The shareholders also approved agreements between Gemini Technology Ltd, Gemini Egypt Holding for Financial Investments, and Gemini Global Development, and its subsidiaries to provide financial services for a commission of up to 5% of any closed deal.
During the first nine months of 2020, Beltone incurred net losses of EGP 35.92 million, down from EGP 88.31 million in the corresponding period a year earlier, including minority shareholders’ rights.
