{"id":548683,"date":"2022-08-17T04:00:13","date_gmt":"2022-08-17T04:00:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/aman-taqa-fintech-to-launch-in-4q-idhs-ceo-ups-stake-in-company\/"},"modified":"2022-08-17T04:00:13","modified_gmt":"2022-08-17T04:00:13","slug":"aman-taqa-fintech-to-launch-in-4q-idhs-ceo-ups-stake-in-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/17\/aman-taqa-fintech-to-launch-in-4q-idhs-ceo-ups-stake-in-company\/","title":{"rendered":"Aman \/ Taqa fintech to launch in 4Q, IDH\u2019s CEO ups stake in company"},"content":{"rendered":"

Aman + Taqa\u2019s fintech venture to launch in 4Q 2022: <\/strong>Raya Holding subsidiary Aman and Qalaa Holdings\u2019 Taqa Arabia hope to launch their fintech company in 4Q 2022, Raya Holding CFO Hossam Hussein told CNBC Arabia (watch, runtime: 8:29<\/a>). The as-yet unnamed joint venture \u2014 which was announced earlier this year<\/a> \u2014 will provide e-payment services to Taqa customers, and will be 51% owned by Aman. An Aman representative earlier told us that Aman will invest EGP 300 mn in the venture over the next three years, but declined to disclose the company\u2019s start-up capital.<\/p>\n

Hend El Sherbini ups IDH stake:<\/strong> Integrated Diagnostics Holdings (IDH) CEO Hend El Sherbini has raised her stake in the company from 25.5% to 26.71%, after acquiring 7.3 mn new London-listed shares, the company said in a statement (pdf)<\/a> yesterday. El Sherbini purchased the shares during the first two weeks of August. El Sherbini said she believes the company is \u201cwell-placed to take full advantage of the vast growth opportunities offered by our markets.\u201d<\/p>\n

CIB has launched an instant payment network<\/strong> allowing customers to transfer money from different banks and types of accounts, including Meeza cards and e-wallets. (Press release, pdf<\/a>)<\/p>\n

Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n