Arab Finance: According to a statement, Beltone Financial Holding denied the news which claimed that the UAE's Al Ansari Financial Services intends to acquire a stake in its shares.

This came as a reaction to news that Al Ansari Financial Services aimed to acquire a 16% stake in Beltone at an initial price of EGP 4.23 per share.

Last December, Beltone entered into an agreement with E Point Zero Ltd to fully acquire UAE-based Lumen Aegis Enterprises SPV RSC Ltd in exchange for $1 per share.

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