Arab Finance: EFV Finance Non -Bank Finance (NBFI) has announcedHRHO group (HRHO)For its strategic decision to exit from the Pepper Egypt.
She added that this step comes as a new station in its continuous endeavors to simplify operations and enhance efficiency through its investment portfolio. The company will sell its 51% stake in Bitas Egypt to BT Global Holding for an unacceptable amount, which is not expected to have a financial impact on the group's financial position.
Alaa Al -Afifi, CEO of EF V. Finance, said that our separation from Bitas Egypt is a very important strategic step aimed at enhancing operational efficiency by redirect resources towards basic assets. This will enable us to strengthen our ability to achieve sustainable growth and innovation in the vital areas for us, as this decision harmonizes with our extended strategic goals and our constant interest in providing added value to our shareholders.
He added: “The EF V. Finance will continue in the relentless pursuit to explore opportunities that are in harmony with its vision in providing innovative financial solutions in the environment of dynamic markets, and the company will remain adhering to perpetuating its efforts towards providing comprehensive financial services that meet the needs of customers, whether individuals or institutions of all sizes.
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