Egypt’s Beltone board agrees to 1 bln pound capital increase
A worker is seen at the headquarters office of Beltone Financial in Cairo, Egypt, October 26, 2015. REUTERS/Amr Abdallah Dalsh

The board of Egypt’s Beltone Financial has agreed to a one billion Egyptian pound ($112.6 million) capital increase, a company official told Reuters on Tuesday.

The increase will come in the form of a public offering to existing shareholders and aims to expand the company’s operations both inside and outside of Egypt, the official said.

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