Chimera Investments LLC made a non-binding offer to acquire an unknown majority stake in Beltone Financial Holding SAE (CASE : BTFH) from Orascom Financial Holding S.A.E. (CASE:OFH) and others for EGP 600 million on June 13, 2022. Chimera Investments made a cash offer of EGP 1.485 per share for a stake ranging between 51% and 90%. The offer is pending regulatory approval.

The Financial Regulatory Authority (FRA) has approved the prospectus of the mandatory purchase offer (MTO) submitted by Chimp on July 19, 2022. Chimera Investments has appointed Matouk Bassiouny & Hennawy as legal counsel on the transaction.