Ahmed Abou Hashima Acquires 9.9% Stake in Beltone, Emerges as Second-Largest Shareholder
[August 9/2023] -Arab Finance- Ahmed Abou Hashima, the esteemed businessman, has recently completed the acquisition of 541 million shares, equivalent to a 9.902% stake, in Beltone Financial Holding. This acquisition positions Abou Hashima as the second-largest shareholder in the company, following the main shareholder, Chimera of the UAE, which holds a 55.908% stake. The disclosure regarding the board of directors and shareholder structure was made by Beltone Financial Holding.
Abou Hashima’s investment in Beltone came through the company’s highly successful EGP 10 billion capital increase. Notably, this capital increase marked a significant milestone as the largest in the stock market, accomplished within a remarkably short period.
