The Board of Directors of Orascom Financial Holding decided to approve the terms and conditions of the shareholder loan contract to be concluded with Simple Financial Technology and Solutions, a sister company.

The company indicated, in a statement to the Egyptian Stock Exchange today, that the value of the loan has not been determined, and it will be announced once the value is determined.

The company recorded a net profit of 19.81 million pounds from the beginning of January until the end of March 2023, compared to 27.43 million pounds in profits during the same period in 2022, taking into account minority rights.