Africa News Egypt's Beltone Financial country settlement to end suspension of...

Egypt's Beltone Financial country settlement to end suspension of underwriting unit – source

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CAIRO, Feb 25 (Reuters) – Egypt's Beltone Financial Holding has paid a settlement of 16 million Egyptian pounds ($ 914,800) to end the suspension of its underwriting unit, a regulatory source told Reuters on Monday.

Egypt's financial regulator in Sarwa Capital, whose share price dropped by around 15 percent soon after it began trading on Oct. 15. ($ 1 = 17.4900 Egyptian pounds) (Reporting by Ehab Farouk, Writing by Nadine Awadalla, editing by Louise Heavens)

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