Arab Finance: Beltone Financial Holding has denied applying for a digital bank license, according to a bourse filing on August 1st.
This came as a response to the recently published news on one of the media platforms claiming that ODE plans to obtain a digital bank licence.
On July 31st, Beltone announced that it signed a memorandum of understanding (MoU) to acquire a microfinance firm licensed by the Financial Regulatory Authority (FRA)
Beltone operates within the diversified financial sector. It provides brokerage, asset management, investment banking, and liquidity services in regional markets, in addition to research and analysis services.