Egypt's Beltone Financial expects to manage four flotations in early 2016 | Reuters

Egypt's Beltone Financial expects to manage four flotations in early 2016 | Reuters:

"Egypt's Beltone Financial Holding (BTFH.CA) expects to manage four stock market flotations worth a total of more than 2.5 billion Egyptian pounds ($311 million) in the first half of 2016 on the back of improved market conditions, its chairman said. The offerings, including one by Beltone Capital, managed by Beltone Financial's private equity arm, had been expected in 2015 but were postponed when an emerging markets rout deterred investors from Egyptian markets.

"These IPOs were not canceled, they were postponed because of market conditions ... We hope to (issue) them in the first half of 2016," Aladin Saba, who founded Beltone in 2002, told Reuters at the Reuters Middle East Investment Summit.

Emerging market assets sold off over the summer due to worries about a slowdown in China, weakening commodity prices, and the possibility of a U.S. interest rate rise."



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