MM Group looks to take Ebtikar, e-payments company public on EGX in 2021

IPO WATCH- MM Group looks to take Ebtikar, e-payments company public on EGX in 2021: Industry and trade group MM Group is considering launching its non-banking financial services company Ebtikar and an undisclosed e-payment company it recently established on the the EGX in 2021, the local press reports. Ashraf Al Ghannam, the director of investor relations at MM Group, said their smart payments providers Bee and Masary will be merged and brought under the fold of the unnamed e-payments company, which will act as the company’s e-finance investment arm, according to the report, which provided no further details.