B Investments
The increase will be funded by the entry of new investors, including CIB, Al Baraka Bank Egypt, Misr Insurance, and Misr Life Insurance, alongside existing shareholders such as the Egypt Sub-Fund for Healthcare and Pharmaceutical Services, part of the Sovereign Fund of Egypt, and a private investor.
The acquisition, which will see B Investments purchase up to 90% of OFH, was announced back in June
It indicated that the necessary approvals from the Ministry of Health are being met and executive steps are being taken with the Stock Exchange to complete the acquisition process.
The Company is also working on buying a solar power plant in Banban.
