Egyptian payments infrastructure company E-finance has signed an agreement to acquire 100% of Tamweely Financial Services for a total consideration of up to EGP 4.8 billion, or about $94 million, according to the announcement.
The transaction is expected to close in the third or fourth quarter of 2026, following shareholder and regulatory approvals.
The deal combines Tamweely’s lending capabilities for small and medium-sized businesses with E-finance’s data and financial transaction infrastructure. The companies said this could support credit-risk assessments that rely less on traditional collateral-based methods.
The consideration includes about EGP 956 million in cash and the issuance of 146.1 million new E-finance shares at EGP 26.34 each. The newly issued shares are valued at roughly EGP 3.85 billion and would give Tamweely shareholders an approximately 4% stake in E-finance after completion.
SPE Capital and Tanmiya Capital Ventures are among the Tamweely shareholders expected to retain stakes in E-finance. Part of the consideration is also conditional on Tamweely meeting specified net profit targets for the 2026 and 2027 financial years.
E-finance said the acquisition is aligned with its expansion plans in financial services and expects it to increase earnings per share over the next two years, even before the full impact of integration.
Source: Jawlah
