Orascom Financial Holding will now operate under the name OB Financial Holding after its extraordinary general assembly (EGM) approved the change.

Orascom Financial Holding Company’s board has approved the sale of its majority stake in Klivrr Electronic Development and Electronic Payments for EGP 657.711 million.

Orascom Financial Holding’s board (OFH) has approved in principle the offer submitted by Klivvr Holding to acquire 59.4 million shares, or 98.99%, in the former’s fintech arm Klivvr.

The ordinary general meeting (OGM) of Orascom Financial Holding (OFH) has appointed Mohamed Abdel Moneim Omran as the Chairman of the Board of Directors and Representative of B Investments Holding Company.

Orascom Financial Holding (OFH) has reported a 92.41% year-on-year (YoY) drop in its consolidated net profits attributable to the parent company during the first half (H1) of 2024.

Orascom Financial Holding (OFH) has turned to losses in the first quarter (Q1) of 2024.

Orascom Financial Holding (OFH) recorded standalone net profits after tax of EGP 62.472 million in the first quarter (Q1) of 2024, down 43.4% year on year (YoY) from EGP 110.471.

B Investments' board of directors has thumbed up raising the firm’s share capital by issuing around 58.338 million shares.

B Investments Holding has purchased 3.311 billion shares or a 68.9% stake of Orascom Financial Holding (OFH).

Orascom Financial Holding (OFH) registered consolidated net profits attributable to the parent company of EGP 56.837 million in 2023, versus net losses of 72.114 million in 2022.

Orascom Financial Holding’s (OFH) board has appointed Prime Capital as an independent legal advisor for the potential purchase submitted by B Investments Holding.

The Financial Regulatory Authority (FRA) approved to publication the disclosure form of B Investments Holding’s purchase offer to acquire up to 4.249 million shares, representing 90% of the capital of Orascom Financial Holding.

The Financial Regulatory Authority (FRA) has received a mandatory tender offer (MTO) from B Investments Holding (BINV) for acquiring up to 90%, or 4.249 billion shares, of Orascom Financial Holding’s (OFH) capital.

Orascom Financial Holding (OFH) recorded consolidated net profits after tax and non-controlling interest of EGP 53.570 million in the first nine months of 2023, versus net losses of EGP 106.458 million in the same period of 2022.

Orascom Financial Holding (OFH) logged standalone net profits after tax of EGP 123.043 million in the first nine months of 2023, versus net losses of EGP 222.965 million in the same period of 2022.

The Financial Regulatory Authority (FRA) has granted a 60-day extension to for B Investments Holding (BINV) to submit a mandatory purchase offer (MTO) for Orascom Financial Holding (OFH).

Founded in 2020, OFH is a technology-driven financial service investment company. The company is traded on the EGX under the symbol OFH.CA.

B Investments Holding’s (BINV) board of directors approved acquiring a minimum of 51% and up to a 90% stake in Orascom Financial Holding (OFH) via share swap.

Founded in 2020, OFH is a technology-driven financial service investment company. The company is traded on the Egyptian Exchange under the symbol OFH.CA.

The Financial Regulatory Authority (FRA) approved publishing the disclosure form submitted by Orascom Financial Holding’s (OFH) board for an issued capital decrease.