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Orascom Investment to advance loan of $1.6M to Beltone Holding

Orascom Investment to advance loan of $1.6M to Beltone Holding

ArabFinance: Orascom Investment Holding's (OIH) ordinary and extraordinary general assembly that convened on August 19, 2019, approved advancing a loan to Beltone Financial Holding S.A.E. The total amount of the loan is $1,550,000 for the purpose of subscribing in th capital increase of Auerbach Grayson. 

The EGM resolved by the majority, to approve the amendment of articles (21) and (46) of the articles of association of the Company to adopt the accumulative voting system in the Board of Directors elections. 

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