Beltone denies stake acquisition by Al Ansari Financial

Beltone Holding has denied having any information regarding a potential stake acquisition by UAE-based Al Ansari Financial Services, according to a bourse filing.

This comes in response to reports claiming that Al Ansari Financial intends to acquire a 16% stake in Beltone at an initial price of EGP 4.23 per share.

Earlier this month, Beltone Capital fully acquired Baobab Group for a total value of EUR 197.60 million.

In December 2025, the EGX-listed company's shareholders approved a $300 million shareholder loan to support its expansion plans.