Egypt: OFH’s board nods to offer for stake in Klivvr

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The offer is pending the approval of the Central Bank of Egypt and the regulatory authorities

Staff Writer, Arab Finance

November 8, 2024

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Egypt - Orascom Financial Holding’s (OFH) board has approved in principle the offer submitted by Klivvr Holding to acquire 59.4 million shares, or 98.99%, in Klivvr for Electronics Development and E-Payments, as per a filing.

The offer is pending the approval of the Central Bank of Egypt (CBE) and the regulatory authorities.

The board has also approved appointing Prime Capital as a vertified independent financial advisor to decide upon the fair value of Klivvr for Electronics Development’s capital.

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