Egypt’s financial services sector posted strong gains on the Egyptian Exchange last week, driven by heavy investor buying.
Beltone Financial Holding’s share price rose 0.50% to EGP 2.03 from 2.02, lifting its market capitalization to EGP 21.757 billion.
The company completed its second capital increase of over EGP 10.5 billion with 98% subscription. 161.761 million shares traded at EGP 330.695 million.
Beltone’s authorized capital stands at EGP 10.926 billion (5.463 billion shares at EGP 2 par value). Ownership is split between Simbi 1 Investment SPV (55.908%) and Ahmed Abu Hashima (9.902%).
EFG Holding’s stock jumped 6.26% to EGP 28.20 from 26.53, adding EGP 2.437 billion to its market cap, which reached EGP 41.160 billion. 35.218 million shares changed hands for EGP 998.393 million. The company’s authorized capital is EGP 7.298 billion.
CI Capital Holding saw its share price gain 5.17% to EGP 6.10 from 5.80, boosting its market cap by EGP 300 million to EGP 6.100 billion. 5.251 million shares traded at EGP 31.794 million.
CI Capital’s authorized capital is EGP 10 billion (1 billion shares at EGP 1 par), with Bank Misr (92.3892%) and Mahmoud Fathy Abdallah as majority shareholders.
