Local fintechs and asset managers make it onto Forbes Middle East’s rankings

Twelve Egyptian fintech players made it onto Forbes Middle East’s Fintech 50 list for the year, making Egypt the second most represented country in the lineup. Leading the region — and nudging Egypt out of top spot by just one — was the UAE with 13 fintechs on the list. This year welcomed Sahl, Khazna, and Klivvr as newcomers to the list. Featured on the list this year:

• Fawry at #2;
• MNT-Halan at #7;
• Thndr at #8;
• Valu at #10;
• Aman Holding at #15;
• MDP at #19;
• Paysky at #27;
• Paymob at #30;
• Sahl at #38;
• Contact Financial Holding at #43;
• Khazna at #45;
• Klivrr at #46.

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PLUS- Three Egyptian asset managers also landed on Forbes Middle East’s Top 40AssetManagers list, which features key players shaping the region’s investment landscape. Leaders on the list, who oversee substantial portfolios across equities, debt funds, discretionary investments, and private equity, collectively managed over USD 439 bn in assets in 2024. Featured on the list this year:

• Karim Awad, group CEO of EFG Holding, at #10;
• Amr Abol Enein, CEO and managing director of CI Capital Asset Management, at #37;
• Adel Kamel El Waly, managing director and CIO at Al Ahly Financial Investments Management, at #39.