Skip to content
Subscriber Only

Egypt’s Beltone Sues Exchange, Regulator Over Canceled Trades

Beltone Financial Holding, the Egyptian investment bank owned by billionaire Naguib Sawiris, has filed a lawsuit against the heads of the country’s regulator and stock exchange following the repeated cancellation of trading in its shares.

The company is suing the chairman of the Egyptian Financial Supervisory Authority and the chairman of the Egyptian Stock Exchange and has requested compensation from the bourse, Beltone’s attorney and shareholder Atef Elsherif said in a phone interview.