Arab Finance: The board of O B Financial Holding has approved granting Contact Financial Holding an interest-free subordinated loan valued at EGP 287.5 million, according to a bourse filing.
The loan is intended to be converted into capital as part of a future capital increase.
During its meeting on October 20, the board also approved convening an ordinary general meeting (OGM) to ratify its decisions.
In the first half (H1) of 2026, O B Financial Holding recorded 93.07% lower consolidated profits at EGP 37.762 million, compared to EGP 545.276 million in H1 2025.