Act Financial announced that its board approved an increase in the company’s issued capital from EGP 281.421 million to EGP 285.642 million, marking an increase of EGP 4.221 million.

Contact Financial Holding entered into a strategic partnership with e& money in a first-of-its-kind move for Egypt’s financial landscape, according to an emailed press release.

Sarwa Securitization, the debt capital markets arm of Contact Financial Holding, has completed its forty-sixth securitization bond issuance, continuing its role as Egypt’s first securitization issuer since 2005, as per an emailed press release.

Telecom Egypt has appointed Tamer El Mahdi as Managing Director and Chief Executive Officer (CEO), after Mohamed Nasr stepped down from both his executive role and his seat on the board of directors.

The Financial Regulatory Authority (FRA) granted approvals for eight companies to establish new real estate investment funds and licenses to operate in investment funds and non-banking financial activities.

The consolidated net profits after tax attributable to the owners of Contact Financial Holding dropped by 27% to EGP 122.565 million in the first half (H1) of 2025 from EGP 167.679 million in H1 2024.

Act Financial witnessed 834.663% year-on-year (YoY) higher consolidated net profits attributable to the parent company at EGP 1.022 billion in the first half (H1) of 2025.

ContactNow, the digital arm of Contact Financial Holding, has partnered with PayTabs Egypt to integrate its buy now, pay later (BNPL) services into PayTabs' payment infrastructure, aiming to make digital payments more accessible for merchants and consumers across Egypt, as per an emailed press release.

Contact Insurance Brokerage, the insurance arm of Contact Financial Holding, has joined the UN Global Compact Network Egypt (UNGCNE) as part of the group’s efforts to advance environmental, social, and governance (ESG) principles and promote women in leadership roles.

Contact Creditech, the digital consumer finance arm of Contact Financial Holding, has partnered with online payment platform Kashier to integrate its buy now, pay later (BNPL) service into Kashier’s payment system.

The final week of June saw a series of notable economic developments in Egypt. Leading the headlines, the Egyptian Tax Authority (ETA) implemented amendments to the value-added tax (VAT) law aimed at broadening the tax base, a move intended to enhance the funding of human development programs.

Contact Financial Holding announced that its digital consumer finance arm, Contact Creditech, has obtained a fintech license from the Financial Regulatory Authority (FRA).

Contact Financial Holding has joined forces with noon Payments, the integrated online payment gateway powered by noon, to enhance Egypt’s digital payment ecosystem

Contact Financial Holding recorded 305.408% higher consolidated net profits attributable to the owners at EGP 58.406 million in the first quarter (Q1) of 2025

The second week of June was filled with key economic news, led by the World Bank Group (WBG) raising its projection for Egypt’s real gross domestic product (GDP) growth for the current fiscal year (FY) 2024/2025 to 3.8%.

Said Zater has handed over executive leadership to John Saad, who assumed the role of Managing Director and CEO of Contact Financial Holding

Contact Financial Holding has signed an agreement with Fawry to expand their partnership by integrating Contact’s buy now, pay later (BNPL) service across Fawry’s payment network, which includes over 370,000 points of sale and its online platform.

Act Financial logged an annual drop of 28.13% in consolidated net profits after tax and non-controlling interest to EGP 355.338 million in 2024

Contact Financial Holding generated consolidated net profits attributable to the owners valued at EGP 657.668 million in 2024

Contact Financial Holding has signed three new cooperation protocols in line with its corporate social responsibility (CSR) commitment