Cairo - Mubasher: O B Financial Holding submitted documents to the Egyptian Exchange (EGX) to reduce its authorized capital as well as the paid-up and issued capital.
The company plans to decrease its authorized capital from EGP 8.13 billion to EGP 5.88 billion, according to a bourse filing.
Moreover, O B Financial plans to shrink the issued and paid-up capital from EGP 1.46 billion to EGP 1.43 billion.
The EGP 29.27 million capital reduction process will be implemented through the cancellation of 94.42 million treasury shares.
According to the EGX, the submitted documents are under review and completion ahead of being presented to the Listing Committee.
During 2025, the EGX-listed company swung to consolidated net profits of EGP 585.31 million, versus net losses after tax worth EGP 5.24 million a year earlier.
