Arab Finance: The board of O B Financial Holding, formerly known as Orascom Financial Holding, agreed to increase the capital of its 99.92%-owned subsidiary B2C, according to a bourse disclosure.
The company is expected to increase its issued capital to EGP 110 million, with the paid-up capital at EGP 30 million.
The authorized capital of the subsidiary is also set to rise to EGP 1 billion.
In 2025, Orascom Financial Holding changed its name to O B Financial following B Investments’ acquisition of a 70% stake in it through a share swap.