e-finance for Digital and Financial Investments (EFIH) has set the final price for its initial public offering (IPO) on the Egyptian Exchange (EGX) at EGP 13.98 per share, the company revealed in a filing to the EGX.

It is worth noting that the offering is open for subscriptions starting from Sunday, October 10th until Sunday, October 17th, 2021.

On Monday, the Financial Regulatory Authority (FRA) approved raising the number of e-finance’s offered shares for sale to 417.77 million, representing 26.1% of the company’s total shares.

e-finance previously reported a consolidated net profit attributable to the parent company of EGP 278.83 million in the first half (H1) of 2021.

Founded in 2005, e-finance is the first fintech platform in Egypt and a leading digital payment infrastructures’ developer.