Cairo – Mubasher: B Investments Holding’s board of directors has approved investing $3 million in Basata Holding for Financial Payments and its affiliates.
The investment is set to fund Basata’s regional expansion plan, according to a bourse filing,
In February, the Financial Regulatory Authority (FRA) approved B Investments’ acquisition of 90% of the capital of Orascom Financial Holding (OFH).
It is worth noting that B Investments logged consolidated net profits after tax of EGP 619.44 million during the first nine months (9M) of 2023, an annual plunge from EGP 998.92 million.
