Back to the complete issue
Wednesday, 6 March 2019

Fawry considering IPO by next year, plans expansions

IPO WATCH- Fawry considering IPO by next year, plans expansions: E-payments platform Fawry is considering listing on the EGX sometime in 2019 or 2020 to finance its expansions, Managing Director Mohamed Okasha told Al Mal. The company hasn’t begun the IPO procedures yet but plans to hire a local investment bank to manage and advise on the offering when it decides on the timing. Fawry is planning to begin operations in the UAE this month, increase sales points to 150,000, partnering in new start-ups, buying new payment machines, and developing Fawry Pay, he added

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.