Vintage Year | 2024 | |
Type of Transaction | Buyout | |
https://orascomfh.com/ |
Orascom Financial Holding (OFH) is an investment holding company focusing on financial services and fintech in Egypt. This acquisition allows B Investments to further expand its portfolio into the non-banking financial services sector in Egypt, showcasing strategic growth in Egypt’s dynamic market. OFH’s portfolio includes two companies that embody innovation and leadership in their respective fields:
In 2024, B Investments acquired a c. 70% stake in OFH via a non-cash share swap transaction.
Contact Financial Holding is one of the most prominent non-banking financial services providers Egypt, offering a diverse range of financial products and services, and listed on the Egyptian Exchange since 2018. The company operates through various subsidiaries, including “Contact Credit” for consumer financing, “Contact Leasing and Factoring” for corporate financing, and “Contact Mortgages” for home improvement loans. Additionally, Contact provides insurance solutions through “Sarwa Insurance” and “Sarwa Life Insurance”. The company has expanded its digital footprint with platforms such as “Contact Cars.com” for automotive e-commerce and the “Contact Now” mobile app, which facilitates consumer lending. With over 10,000 points of sale, including car dealers and retail outlets, Contact Financial is committed to delivering accessible and innovative financial services across Egypt.
Klivvr is an innovative fintech startup offering digital financial solutions to users in Egypt. Through its user-friendly mobile app and prepaid Visa card, Klivvr allows users to manage their finances efficiently, track their spending, and access various financial services. The platform provides a seamless way to engage with digital financial products, helping users optimize their financial management and access exclusive benefits. Klivvr is positioned to leverage the growing digital economy in Egypt, providing a modern and convenient financial experience for its users.