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Fawry’s bottom line nearly quadruples in 1H 2023; Ibnsina reports rise in earnings
Fawry’s banking services segment drove revenue growth, sales at Ibnsina were up on price hikes
Kharafi National borrows EGP 1.65 bn to expand in the local market
ADI Capital was the financial advisor on the loan
Fawry confirms Saudi talks, kicking tires on digital banking license in Egypt
The company wants to obtain a license to set up in the country
Fawry plans to expand to Saudi Arabia + eyes digital banking license
Fawry is in talks with the Saudi central bank to acquire a license
THIS EVENING: Fawry could apply for a digital banking license
Good afternoon, friends, and happy Monday. We have a relatively busy news day here at home, with a little bit…
E-Finance, Fawry report higher profits in 1Q 2023
Cloud hosting boom drives revenue growth
Fawry tops Forbes Middle East fintech list
Egyptian firms dominate
Fawry’s net income rises 70% in 2022
E-payments giant Fawry’s adjusted net income climbed 70% y-o-y to EGP 316.9 mn in 2022, according to its earnings release…
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