Beltone Financial's shares halted on EGX as bourse awaits company statement
Updated 10/29/2025 10:53:00 AMArab Finance: The Egyptian Exchange (EGX) halted trading on Beltone Financial Holding’s shares as of today's trading session, dated October 29th, as per a bourse statement.
The EGX highlighted that the suspension is pending until the company releases an official statement.
It is worth noting that recent news claims that the Central Bank of Egypt (CBE) imposed a financial penalty of EGP 1 billion ($21 million) on First Abu Dhabi Bank Misr (FABMISR) for violating the issuance of credit facilities to Beltone Holding, in which the UAE-based Chimera Investments owns a majority stake.
This prompted the CBE to dismiss the head of credit risk at FABMISR, as reported by Asharq Business, citing two sources familiar with the matter.
The sources told Asharq Business that the financial penalty is considered the largest in the history of the banking system.
Recently, Beltone reported that its operating revenues had more than doubled to EGP 6.3 billion in the first half (H1) of 2025, reflecting a 115% year-on-year (YoY) surge.
The company's net profit after tax and minority interest hiked by 60% YoY to EGP 1.3 billion at the end of June 2025.
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