Egypt's Initial Public Offering (IPO) programme, which commenced in February 2023, has attracted $3.5 billion in investments so far, Minister of Finance Mohamed Maait said on Sunday.

Beltone Investment Management, a subsidiary of Beltone Financial Holding, has received initial approval from the Financial Regulatory Authority (FRA) to establish a gold investment fund, sources told Daily News Egypt.

Premium Diagnostics hired an English company as a financial advisor to establish a holding company for its offices in the United States, Saudi Arabia, the United Arab Emirates, and Egypt, to offer its shares on the stock exchange in the UAE or Saudi Arabia. The company plans to raise its capital from $14m to $24m to finance its expansion plans for the current year 2024.

Beltone Financial Holding has signed a letter of intent to acquire Sixth of October Development and Investment Company’s (SODIC) subsidiary SODIC for Securitization, as per a filing sent to the Egyptian Bourse on December 6th.