E-Finance (EFIH) chairman Ibrahim Sarhan said the company is planning to invest EGP 2 billion in the coming two years using proceeds from the IPO.
More Details🧐 Part of the investment will be allocated to expanding EFIH’s non-bank financial services (NBFS) subsidiary “Khales Digital Payments”, while another part will be directed to developing the group’s technological infrastructure
The company also plans to expand its e-commerce subsidiary eAswaaq’s services in the tourism sector by offering digital solutions to the Ministry of Tourism.
E-Finance also announced the signing of a 10-year contract for its subsidiary e-Cards in Zimbabwe.
Under the contract, e-Cards will supply & manage smart-card solutions to Tres Groupe International (TGI), a market leader in health services.
