{"id":548635,"date":"2022-08-16T04:00:56","date_gmt":"2022-08-16T04:00:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/e-finance-to-provide-financial-services-to-the-saudi-wealth-funds-egypt-arm\/"},"modified":"2022-08-16T04:00:56","modified_gmt":"2022-08-16T04:00:56","slug":"e-finance-to-provide-financial-services-to-the-saudi-wealth-funds-egypt-arm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/e-finance-to-provide-financial-services-to-the-saudi-wealth-funds-egypt-arm\/","title":{"rendered":"e-Finance to provide financial services to the Saudi wealth fund\u2019s Egypt arm"},"content":{"rendered":"

<\/a> e-Finance is working with the PIF:<\/strong> e-Finance will provide financial and digital services to the Saudi sovereign wealth fund\u2019s new Egypt investment arm, Chairman Ibrahim Sarhan told Bloomberg Asharq yesterday (watch, runtime 7:35<\/a>).<\/p>\n

The PIF now owns a chunk of the state-owned fintech player:<\/strong> The Saudi Egyptian Investment Company (SEIC), set up earlier this month<\/a> by the Public Investment Fund to manage its investments in Egypt, acquired 25% of e-Finance. SEIC agreed to use its services as part of the negotiations for the acquisition, Sarhan told the business newswire.<\/p>\n","protected":false},"excerpt":{"rendered":"

e-Finance is working with the PIF: e-Finance will provide financial and digital services to the Saudi sovereign wealth fund\u2019s new Egypt investment arm, Chairman Ibrahim Sarhan told Bloomberg Asharq yesterday (watch, runtime 7:35). The PIF now owns a chunk of the state-owned fintech player: The Saudi Egyptian Investment Company (SEIC), set up earlier this month […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[339,72,183,219],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548635","post","type-post","status-publish","format-standard","hentry","category-fintech","tag-e-finance","tag-enterpriseam","tag-fintech","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"a4780edb-2d81-4119-bcb4-25cd5a7d8ff3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[548623],"teaser":"","voice_url":""},"yoast_head":"\ne-Finance to provide financial services to the Saudi wealth fund\u2019s Egypt arm - 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\/08\/16\/e-finance-to-provide-financial-services-to-the-saudi-wealth-funds-egypt-arm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"e-Finance to provide financial services to the Saudi wealth fund\u2019s Egypt arm\" \/>\n<meta property=\"og:description\" content=\"e-Finance is working with the PIF: e-Finance will provide financial and digital services to the Saudi sovereign wealth fund\u2019s new Egypt investment arm, Chairman Ibrahim Sarhan told Bloomberg Asharq yesterday (watch, runtime 7:35). 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The Saudi Egyptian Investment Company (SEIC), the newly-established Egypt investment arm of the Public Investment Fund, purchased shares in Misr Fertilizers Production Company (Mopco), Abu Qir\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\/8\/212.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":581233,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/22\/e-finance-earnings-rise-83-in-2022\/","url_meta":{"origin":548635,"position":3},"title":"e-Finance earnings rise 83% in 2022","author":"enterpriseam admin","date":"22 February 2023","format":false,"excerpt":"e-Finance had a strong 2022: e-Finance\u2019s adjusted net income rose 83% to EGP 948.6 mn in 2022, according to the company\u2019s earnings release (pdf). Revenues came in at EGP 2.6 bn, up 35% y-o-y. In 4Q, the state-owned tech company\u2019s adjusted net income jumped 67% y-o-y to EGP 232.7 mn\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/E-Finance-Building-1600-px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548481,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/10\/saudi-wealth-fund-to-acquire-25-of-mopco\/","url_meta":{"origin":548635,"position":4},"title":"Saudi wealth fund to acquire 25% of Mopco","author":"enterpriseam admin","date":"10 August 2022","format":false,"excerpt":"Another Gulf wealth fund wants a piece of Mopco: Saudi Arabia\u2019s sovereign wealth fund will acquire a stake in the state-owned Misr Fertilizers Production Company (Mopco) through the EGX, a source at the bourse confirmed to Enterprise. 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