- Orascom Financial Holding (OFH) has approved in principle an offer from Klivvr Holding to acquire a 98.99% stake (59.4 million shares) in Klivvr for Electronics Development and E-Payments, subject to regulatory approval from the Central Bank of Egypt (CBE).
- OFH’s board has appointed Prime Capital as an independent financial advisor to assess the fair value of Klivvr’s capital, ensuring an impartial evaluation of the proposed acquisition.
- The move aligns with OFH’s strategy to strengthen its position in Egypt’s growing fintech and digital payments sector, supporting the country’s digital transformation and financial inclusion efforts.
Orascom Financial Holding (OFH) has given initial approval for an offer from Klivvr Holding to acquire a 98.99% stake—59.4 million shares—in Klivvr for Electronics Development and E-Payments. This decision was confirmed in a recent filing by the company.
Pending Regulatory Approval
The acquisition offer is still subject to approval from the Central Bank of Egypt (CBE) and other regulatory authorities. These approvals must be secured before the deal can proceed.
Independent Valuation of Klivvr’s Capital
OFH’s board has also approved the appointment of Prime Capital as an independent financial advisor. The advisory firm will assess the fair value of Klivvr’s capital, ensuring an unbiased evaluation of the proposed transaction.
OFH’s Strategy and Focus on Digital Finance
Founded as part of the Orascom Group, OFH has alsobecome a prominent player in Egypt’s financial sector. The company is expanding its footprint in fintech and digital payments. It is aiming to capitalize on Egypt’s digital economy and promote financial inclusion.
Furthermore, the potential acquisition of Klivvr supports OFH’s long-term strategy to invest in innovative technologies in the digital finance space.
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