The capital increase "supports our growth plan across all of the company's platforms, with a focus on strategic expansion, artificial intelligence and digital transformation," the statement quoted chief executive Dalia Khorshid as saying.

Foreign investors made up the vast majority of the subscriptions, it added.

Beltone's consolidated net profit grew by 4% to £1.7 billion ($2.125 billion) in 2024 on operating revenue of  £ 7.2 billion ($9.361 billion), the statement said.

--Reuters--