Five of Egypt’s biggest FinTech players were ranked among top regional companies in this years’ top 25 FinTech companies 2022 by Forbes Middle East
Egypt and Saudi Arabia’s trade exchange was recorded at around $14.4 billion in 2021
The disclosure comes only a few days after the ADQ announced its intention to invest up to $2 billion in the Egyptian market by purchasing state-owned stakes in a number of companie
In a filling to the Egyptian Exchange (EGX), Fawry stated that the proceeds will be used to fund the expansions of its financial services for both consumers and merchants
The company, wholly owned by Fawry and its subsidiaries, has already obtained the necessary license from the Financial Regulatory Authority
