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Beltone Financial’s board approves share split

June 11, 2014 12:18 am

Egypt investment bank, Beltone Financial has said its board of directors has agreed to a five-to-one share split to boost trading of its shares and increase its investor base, Reuters has reported. “The board agreed on splitting the shares of the company into five with the aim of increasing the liquidity of the shares in the market and to broaden the investor base,” Beltone’s investor relations manager, Osama Rashad, told the news service. The company hopes to receive shareholder approval for the share split at the end of this month, he added.