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November 15: Contact's General Assembly to Discuss Obtaining a EGP 700 Million Subordinated Loan

November 15: Contact's General Assembly to Discuss Obtaining a EGP 700 Million Subordinated Loan

Cairo – Mubasher: Contact Financial Holding announced that its Ordinary General Assembly meeting will be held on November 15, 2026.

The company stated in a disclosure to the Egyptian Exchange (EGX) today that the General Assembly will consider the Board of Directors' proposal regarding obtaining an interest-free subordinated soft loan from major shareholders, up to a maximum amount of EGP 700 million.

It added that the loan includes the option of being utilized to increase the company's capital in the future, subject to obtaining all necessary approvals and completing required procedures.

It further noted that the Assembly will also consider authorizing the Chief Executive Officer and Managing Director to sign the granted loan agreement and determine its terms and conditions.

Sourceالخبر الأصلي على موقع مباشر — أخبار البورصة المصريةmubasher.info

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