Arab Finance: Orascom Financial Holding (OFH) posted consolidated net losses attributable to the parent company of EGP 72.114 million for 2022, up 203.8% from EGP 23.734 million in 2021, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on March 26th.
The company’s standalone net losses after tax recorded EGP 201.955 million last year, compared to a profit of EGP 89.821 million in 2021.
Founded in 2020, OFH is a technology-driven financial services investment company.