Arab Finance: The Ordinary General Meeting (OGM) of Act Financial approved a series of lease agreements totaling EGP 9.5 million with its subsidiaries, according to a bourse disclosure.
The company inked a deal valued at EGP 5 million with Wilzy Securities Brokerage, in addition to another lease agreement at a maximum value of EGP 1.5 million annually with Wilzy Portfolio Management and Investment Funds.
Act Financial and Wilzy Elevate Real Estate Investment penned a lease deal with an annual maximum value of EGP 1 million.
The remaining two agreements were signed with Act Logistics Services and Wilzy Real Estate Investment Fund, which is under development, at an annual amount of EGP 1 million each.
In the first quarter (Q1) of 2026, Act Financial posted consolidated net losses attributable to the parent company worth EGP 513.125 million, against profits of EGP 419.037 million in Q1 2025.