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Wednesday, 18 November 2020

Prime Fintech plans to list on EGX in next two years

IPO WATCH- Prime Fintech plans to list on the EGX in the next two years, Prime Holding’s deputy CEO, Mohamed Maher, said during parent company Prime Holding’s 25th anniversary event yesterday, according to Al Mal. He provided no further details, but reiterated plans to increase the capital of the company’s fintech subsidiary from EGP 75 mn to EGP 100 mn by the end of the year.

Prime Fintech’s Endorse arm has launched its financial leasing services, and will begin offering factoring services (see our explainer here) within a month, followed by consumer finance the month after that, Prime Fintech’s CEO Mervat Erian said, without disclosing further details, according to Al Mal and Hapi Journal.

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