{"id":542913,"date":"2022-01-24T03:53:29","date_gmt":"2022-01-24T03:53:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/"},"modified":"2022-01-24T03:53:29","modified_gmt":"2022-01-24T03:53:29","slug":"fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/","title":{"rendered":"Fawry + Misr Capital launch MENA\u2019s first fintech-based money market fund"},"content":{"rendered":"

<\/a> Fawry and Misr Capital are launching the MENA region\u2019s first fintech-based <\/strong>money market <\/strong>fund, Fawry Yawmy<\/strong>, Fawry announced in a press release<\/a>(pdf)<\/a> yesterday. The money market fund, which is set to launch on 30 January, is being targeted at individual retail investors with an initial investment ticket of EGP 500. Would-be investors can buy in through any of Fawry\u2019s 160 branches or 250k point-of-sale machines and, later this year, through the MyFawry app.<\/p>\n

What\u2019s a money market fund? <\/strong>It\u2019s a type of mutual fund that invests in short-term, high-liquidity assets including currency, currency-equivalent securities, and debt-based securities, with the aim of offering a low-risk, highly liquid investment. Investopedia<\/a> has lots more. Fawry Yawmy will \u201cfurther facilitate retail investors\u2019 entry to the Egyptian debt market,\u201d said Fawry CEO and founder Ashraf Sabry.<\/p>\n

This is the first co-sponsorship of a fund for Fawry<\/strong>, and the second for Misr Capital, which launched a USD 380 mn<\/a>specialist fund<\/a> with Elevate Private Equity last year. Misr Capital is one of the region\u2019s largest mutual fund investment managers, CEO Khalil Bawab said in the release.<\/p>\n

This comes as Fawry plans to expand its consumer financing and non-banking financial services offering<\/strong>, with a plan to raise its capital<\/a> by EGP 800 mn through a rights issue to shareholders in 1H2022.<\/p>\n

CORRECTION-<\/strong> We incorrectly said in yesterday\u2019s edition of EnterpriseAM that Fawry\u2019s most recent capital increase was in November 2020. The company most recently completed an EGP 400 mn capital increase through a rights issuance in June 2021. The story<\/a> has been updated on our website.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fawry and Misr Capital are launching the MENA region\u2019s first fintech-based money market fund, Fawry Yawmy, Fawry announced in a press release(pdf) yesterday. The money market fund, which is set to launch on 30 January, is being targeted at individual retail investors with an initial investment ticket of EGP 500. Would-be investors can buy in […]<\/p>\n","protected":false},"author":1,"featured_media":542914,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7323],"tags":[541,72,519,183,86],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-asset-management","tag-enterpriseam","tag-fawry","tag-fintech","tag-misr-capital","wpautop","entry"],"acf":{"mongo_id":"f46074c4-e6d1-4dcb-83e1-b76e834652ca","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/306.jpg","photo_position":"above","related_issue":[542903],"teaser":"","voice_url":""},"yoast_head":"\nFawry + Misr Capital launch MENA\u2019s first fintech-based money market fund - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fawry + Misr Capital launch MENA\u2019s first fintech-based money market fund\" \/>\n<meta property=\"og:description\" content=\"Fawry and Misr Capital are launching the MENA region\u2019s first fintech-based money market fund, Fawry Yawmy, Fawry announced in a press release(pdf) yesterday. The money market fund, which is set to launch on 30 January, is being targeted at individual retail investors with an initial investment ticket of EGP 500. Would-be investors can buy in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-24T03:53:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fawry + Misr Capital launch MENA\u2019s first fintech-based money market fund\",\"datePublished\":\"2022-01-24T03:53:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/\"},\"wordCount\":270,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?fit=%2C&ssl=1\",\"keywords\":[\"asset management\",\"EnterpriseAM\",\"Fawry\",\"Fintech\",\"Misr Capital\"],\"articleSection\":[\"Fintech\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/\",\"name\":\"Fawry + Misr Capital launch MENA\u2019s first fintech-based money market fund - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2022-01-24T03:53:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fawry + Misr Capital launch MENA\u2019s first fintech-based money market fund\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fawry + Misr Capital launch MENA\u2019s first fintech-based money market fund - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/","og_locale":"en_US","og_type":"article","og_title":"Fawry + Misr Capital launch MENA\u2019s first fintech-based money market fund","og_description":"Fawry and Misr Capital are launching the MENA region\u2019s first fintech-based money market fund, Fawry Yawmy, Fawry announced in a press release(pdf) yesterday. The money market fund, which is set to launch on 30 January, is being targeted at individual retail investors with an initial investment ticket of EGP 500. Would-be investors can buy in […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2022-01-24T03:53:29+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Fawry + Misr Capital launch MENA\u2019s first fintech-based money market fund","datePublished":"2022-01-24T03:53:29+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/"},"wordCount":270,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?fit=%2C&ssl=1","keywords":["asset management","EnterpriseAM","Fawry","Fintech","Misr Capital"],"articleSection":["Fintech"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/","url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/","name":"Fawry + Misr Capital launch MENA\u2019s first fintech-based money market fund - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?fit=%2C&ssl=1","datePublished":"2022-01-24T03:53:29+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/fawry-misr-capital-launch-menas-first-fintech-based-money-market-fund\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Fawry + Misr Capital launch MENA\u2019s first fintech-based money market fund"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/306.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":542954,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/25\/fawry-looks-to-partner-with-local-bank-on-prepaid-cards\/","url_meta":{"origin":542913,"position":0},"title":"Fawry looks to partner with local bank on prepaid cards","author":"enterpriseam admin","date":"25 January 2022","format":false,"excerpt":"Fawry is looking to partner with a local bank to issue prepaid cards soon, Al Mal reports CEO and founder Ashraf Sabry as saying. Sabry\u2019s comments came on the sidelines of the company\u2019s launch of Fawry Yawmy, the region\u2019s first fintech-based money market fund, in partnership with Misr Capital. Fawry\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543447,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/01\/fawry-sees-400-y-o-y-boom-in-online-payments-in-2021\/","url_meta":{"origin":542913,"position":1},"title":"Fawry sees 400% y\u2013o-y boom in online payments in 2021","author":"enterpriseam admin","date":"1 February 2022","format":false,"excerpt":"Fawry saw transaction values surge last year: The e-payments giant processed EGP 6 bn worth of cashless POS transactions through its Fawry Accept service in 2021, up 232% y-o-y, and EGP 5 bn worth of online payments, up 400% y-o-y, the company said in a statement (pdf) this week. The\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544868,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/24\/adq-is-buying-a-lot\/","url_meta":{"origin":542913,"position":2},"title":"ADQ is buying \u2026 a lot","author":"enterpriseam admin","date":"24 March 2022","format":false,"excerpt":"Abu Dhabi wealth fund ADQ is acquiring state-held stakes in Abu Qir Fertilizers, Mopco, and Alexandria Container & Cargo Handling, Bloomberg reports, citing a source it says has knowledge of the matter. Bloomberg\u2019s source did not disclose further details on how much the government has agreed to sell or an\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/339.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558978,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/04\/fawry-microfinance-to-obtain-egp-310-mn-loans-from-eaef-banque-misr\/","url_meta":{"origin":542913,"position":3},"title":"Fawry Microfinance to obtain EGP 310 mn loans from EAEF, Banque Misr","author":"enterpriseam admin","date":"4 January 2021","format":false,"excerpt":"Fawry Microfinance greenlights EGP 310 mn debt to fuel expansion: Fawry subsidiary Fawry Microfinance is taking on an EGP 160 mn loan from the Egyptian-American Enterprise Fund (EAEF) and a EGP 150 mn credit facility from Banque Misr after the parent company\u2019s ordinary general assembly approved the terms on Thursday,\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570356,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/29\/fawry-md-resigns-to-set-up-usd-25-mn-fintech-investment-fund\/","url_meta":{"origin":542913,"position":4},"title":"Fawry MD resigns to set up USD 25 mn fintech investment fund","author":"enterpriseam admin","date":"29 March 2020","format":false,"excerpt":"MOVES- Fawry MD resigns to set up USD 25 mn fintech investment fund: Mohamed Okasha has resigned from his position as managing director of e-payments platform Fawry, according to a regulatory filing (pdf). Okasha has plans to head a USD 25 mn early stage fintech investment fund once the fallout\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542884,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/23\/fawry-eyes-capital-increase-us-listing\/","url_meta":{"origin":542913,"position":5},"title":"Fawry eyes capital increase, US listing","author":"enterpriseam admin","date":"23 January 2022","format":false,"excerpt":"US listing in the works for Fawry? EGX-listed e-payments giant Fawry has received approval from its board of directors to create an American depositary shares (ADS) program, which would allow the company to list shares in the US, and is exploring an SEC-registered secondary offering to follow, CEO Ashraf Sabry\u2026","rel":"","context":"In "FINANCE WATCH"","block_context":{"text":"FINANCE WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/finance-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/270.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=542913"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/542913\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/542903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/542914"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=542913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=542913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=542913"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=542913"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=542913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}