Cairo - Mubasher: e-finance for Digital and Financial Investments has submitted a preliminary, non-binding offer to purchase 100% of the shares of a company operating in the non-banking financial services (NBFS) sector.
The acquisition offer received initial acceptance from the target company’s principal shareholder, according to a bourse filing.
e-finance will submit an application to the Financial Regulatory Authority (FRA) in the short term to obtain the approval to commence due diligence on the target company.
Meanwhile, the transaction remains subject to FRA approval to start due diligence, its satisfactory completion, finalizing agreements, internal approvals from both parties, and clearance from relevant regulators.
It is worth noting that on 8 December 2025, the shareholders of e-finance approved a cash dividend of EGP 0.17 per share for the first half (H1) of 2025.
