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.

Fawry (the “Company”, FWRY.CA on the Egyptian Exchange), Egypt’s leading provider of e-payments solutions and digital banking services, announced today that it has finalized an investment in alsoug.com, Sudan’s largest online classifieds platform and marketplace, to help build out alsoug’s new fintech platform, Cashi. Fawry has acquired a strategic minority stake in the alsoug.com/Cashi holding company, marking the Company’s first venture capital investment outside of its Egyptian home market.

The Financial Regulatory Authority (FRA) has approved the publication of the initial public offering (IPO) prospectus of e-finance for Digital and Financial Investments (EFIH), according to a statement filed to the Egyptian Exchange (EGX).

Pioneers Holding for Financial Investments (PIOH) has sold its entire stakes in seven companies.