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

A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015. Image used for illustrative purpose. Mohamed Abd El Ghany

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

PHOTO
A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015. Image used for illustrative purpose. Mohamed Abd El Ghany

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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