Cairo – Mubasher: The Board of Directors of OB Financial Holding unanimously approved granting an interest-free subordinated loan to Contact Financial Holding.
The company explained in a statement to the Egyptian Exchange (EGX) today that the loan value amounts to EGP 287.5 million, provided that it will be capitalized in light of its capital increase.
It added that the Board approved during its meeting held on October 20, 2026, convening the Ordinary General Assembly of the company to ratify the Board of Directors' resolutions.
It noted that the Chairman of the Board of Directors or the Managing Director has been authorized to determine the date and venue of the Ordinary General Assembly, publish the invitation, and notify the competent authorities.
