Both companies will retain their brands, operations to be integrated: MM group investment director
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Ebtikar increased its stake in Masary to reach 54.9% by acquiring 9.1%
The statement indicates that the deal was worth EGP 42m, accordingly, it will increase MM Group’s stake in Masary to 35% from 29%.
Investor Relations and Business Development Manager at MTI, Ashraf El-Ghannam, said the group will focus on enhancing profitability by increasing contribution of high-profit-margin business lines, and replicating MTI’s business model to its recently consolidated subsidiary Qanawat.
FinTech forefront of financial inclusion in Egypt, we aim to process 2m transaction daily end 2019, says Nagy
Ebtikar for Financial Investment, a B Investments portfolio company and a leading investor in the non-banking financial services sector with a shareholder base, announced the acquisition of 33.7% of Masary in a transaction valued at EGP 130m on Monday. Masary is a leading company operating in the electronic payments sector in Egypt, with around 60,000 …