Trading in Beltone Financial shares was suspended by the EGX for a period yesterday pending a statement from the Egyptian Financial Supervisory Authority (EFSA), Reuters reports. The decision came two weeks to the day after the Naguib Sawiris-controlled company that controls Beltone said it was calling for a board meeting to discuss how the company will “continue its business given its current inability to expand and perform its core business normally” amid a months-long dispute with EFSA. The recent background is here; Beltone is suing the heads of EFSA and the EGX over repeated cancellation of trades in its shares.

The suspension seems to have been prompted by what Fincorp characterized as a “mistake”(pdf) in its fair value report on Beltone. The error saw Fincorp give Beltone’s shares a fair value of EGP 10.07 instead of EGP 9.30 per share. Beltone said it was not notified of the error in calculating the fair-value reported on Sunday, Al Mal reported. Beltone reiterated that it did not amend the report itself, which was originally approved by EFSA. The authority then sent a statement to the EGX notifying it of the amendment, after which trading on Beltone Financial shares resumed.