Beltone inks MoU to acquire FRA-licensed microfinance company

Updated 7/31/2023 9:25:00 AM
Beltone inks MoU to acquire FRA-licensed microfinance company

Arab Finance: Beltone Financial Holding has signed a memorandum of understanding (MoU) to acquire a microfinance firm licensed by the Financial Regulatory Authority (FRA), as per a statement on July 31st.

Under the MoU, Beltone will conduct due diligence after obtaining the required regulatory approvals to set the stage for the acquisition.

The acquisition will be executed either directly by Beltone or through one of its subsidiaries.

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