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Contact Financial plans 1.8B investment
Connect Financial Holding Group has announced the approval of an investment plan valued at up to 1.8 billion Egyptian pounds, aimed at supporting expansion and growth in its innovative financing activities. The plan includes a charitable loan of 700 million pounds from major shareholders to strengthen the company's financial stability and meet future expansion requirements. The company achieved strong performance during the first half of 2026, with digital financing growing by 100% compared to the previous year. There is a focus on enhancing digital capabilities and artificial intelligence technologies to deliver innovative financing solutions and improve operational efficiency. These plans aim to position the company as a leading financial partner in the Egyptian market and to provide a flexible digital financial platform that supports sustainable economic growth.
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