Egyptian fintech giant Fawry for Banking Technology and Electronic Payment has announced the formation of Fawry Holding for Financial Investment, a new entity designed to expand the company’s investment portfolio and consolidate its subsidiaries under a single, unified structure.
A New Structure for Strategic Growth
The creation of the holding company is a strategic mve to manage Fawry’s expanding investment activities and capitalize on growing market opportunities. This new framework aims to streamline the restructuring of existing subsidiaries and create a cohesive economic entity.
By consolidating stakes in companies with similar or diverse activities, the holding structure provides Fawry with an agile institutional framework. This will enable better management of its diversified assets, direct investments toward clear objectives, and improve coordination across all its ventures.
Capital and Regulatory Approval
Fawry Holding for Financial Investment was established with an authorized capital of EGP 50 million and a paid-in capital of EGP 5 million. Fawry will maintain 99.99% ownership of the new entity.
The establishment of the holding company received official approval from the Committee for the Establishment and Licensing of Companies, which operates under the supervision of Egypt’s Financial Regulatory Authority (FRA).
Enabling Future Ventures and Acquisitions
This new corporate structure represents a significant milestone in Fawry’s growth trajectory. It provides the legal and financial framework necessary to organize investments more effectively, participate in new ventures, and pursue acquisitions of existing companies. The integrated model is expected to generate significant added value by fostering synergies across various sectors within the Fawry ecosystem, positioning the company for sustainable, long-term growth.
About Fawry
Fawry is Egypt’s leading digital transformation and e-payment platform, offering a comprehensive suite of financial services to consumers and businesses. Through its extensive network of retailers, mobile wallets, and online channels, Fawry provides convenient and accessible payment solutions that have become integral to the daily lives of millions of Egyptians.
Source: Waya
