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E Finance

Egyptian FinTech Nexta secures $3M investment from e-finance

Nexta aims to disrupt the local FinTect scene with its “next-generation banking” app and card

Saudi Egyptian Investment Co. buys minority stakes in 4 state-owned companies

The newly-launched Saudi Egyptian Investment Company (SEIC) has acquired minority stakes in 4 Egyptian companies worth around $1.3 billion

e-finance’s EGX debut sees shares jump by 40%+ within minutes of opening bell

Within 7 minutes of opening trading (10:07am) e-finance jumped by 43.06% to EGP 20 after 29.61 million shares were exchanged

e-finance is hot commodity as EGX debut announced as 61x oversubscribed

e-finance began receiving applications for its public offering subscriptions last week (October 10) for the private placement tranche

e-finance releases expected price range for upcoming IPO

The company looks to be on track, after announcing earlier in September that it planned to go public by Q4