🇪🇬 Egyptian Exchange

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.

e-Finance, the state-owned fintech platform, determined its price range between EGP 29.6 billion and EGP 36 billion, Al Borsa News reported.