Egypt: Orascom Financial approves sale of 98.99% stake in Klivvr Electronic Development for $13mln

The transaction involves the sale of nearly 59.4 million shares, representing 98.99% of Klivvr Electronics’ capital, to Klivvr Holding Limited

Staff Writer, Arab Finance

January 14, 2025

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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, as per a disclosure.

The transaction involves the sale of nearly 59.4 million shares, representing 98.99% of Klivvr Electronics’ capital, to Klivvr Holding Limited.

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