Ebtikar for Financial Investments has acquired the remaining stake in TBE Payments “Bee”.
More Details🧐 Ebtikar, which was established as a joint-venture between MTI-MM Group (MTIE) & B Investments (BINV), has increased its 60% ownership stake in Bee by 39.5% by issuing shares in Ebtikar.
This means that MTIE’s stake in Ebtikar decreased from 49.9% to 40.5%, while BINV’s stake in Ebtikar fell from 20.3% to 16.5%.
Why is this Important🤔 Ebtikar is among the companies whose IPO plans were postponed due to the pandemic. The company had even hired EFG Hermes (HRHO) in September 2020 to explore listing options.
