{"id":576289,"date":"2020-11-18T03:29:10","date_gmt":"2020-11-18T03:29:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/18\/prime-fintech-plans-to-list-on-egx-in-next-two-years\/"},"modified":"2020-11-18T03:29:10","modified_gmt":"2020-11-18T03:29:10","slug":"prime-fintech-plans-to-list-on-egx-in-next-two-years","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/18\/prime-fintech-plans-to-list-on-egx-in-next-two-years\/","title":{"rendered":"Prime Fintech plans to list on EGX in next two years"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>IPO WATCH- Prime Fintech plans to list on the EGX in the next two years<\/strong>, Prime Holding\u2019s deputy CEO, Mohamed Maher, said during parent company Prime Holding\u2019s 25th anniversary event yesterday, according to <a href=\"https:\/\/bit.ly\/3f5CvSq\">Al Mal<\/a>. He provided no further details, but <a href=\"https:\/\/bit.ly\/36Ic8Ot\">reiterated<\/a> plans to increase the capital of the company\u2019s fintech subsidiary from EGP 75 mn <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60edcb2b-6dd1-45ca-8bc9-d23283e71964\">to EGP 100 mn<\/a> by the end of the year.<\/p>\n<p><strong>Prime Fintech\u2019s<\/strong><strong> Endorse arm has launched its financial leasing services<\/strong>, and will begin offering factoring services (see our explainer <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6604a04a-9370-42f1-a7a3-e3af5dfc0357\">here<\/a>) within a month, followed by consumer finance the month after that, Prime Fintech\u2019s CEO Mervat Erian said, without disclosing further details, according to Al Mal and <a href=\"https:\/\/bit.ly\/2Hec9kG\">Hapi Journal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO WATCH- Prime Fintech plans to list on the EGX in the next two years, Prime Holding\u2019s deputy CEO, Mohamed Maher, said during parent company Prime Holding\u2019s 25th anniversary event yesterday, according to Al Mal. He provided no further details, but reiterated plans to increase the capital of the company\u2019s fintech subsidiary from EGP 75 [&hellip;]<\/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":[8572],"tags":[68,3666,72,7087,78,976,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-576289","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egx","tag-endorse","tag-enterpriseam","tag-finance","tag-ipo-watch","tag-prime-holding","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fceccaf3-ff8b-428e-9c22-6c0a968ae4a3","is_powered_by":true,"section_story_id":"f080f28d-77f0-4e02-942b-16b0748364b4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[576279],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Prime Fintech plans to list on EGX in next two years - 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\/2020\/11\/18\/prime-fintech-plans-to-list-on-egx-in-next-two-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prime Fintech plans to list on EGX in next two years\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Prime Fintech plans to list on the EGX in the next two years, Prime Holding\u2019s deputy CEO, Mohamed Maher, said during parent company Prime Holding\u2019s 25th anniversary event yesterday, according to Al Mal. He provided no further details, but reiterated plans to increase the capital of the company\u2019s fintech subsidiary from EGP 75 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/18\/prime-fintech-plans-to-list-on-egx-in-next-two-years\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-18T03:29:10+00:00\" \/>\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\/2020\/11\/18\/prime-fintech-plans-to-list-on-egx-in-next-two-years\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/18\/prime-fintech-plans-to-list-on-egx-in-next-two-years\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Prime Fintech plans to list on EGX in next two years\",\"datePublished\":\"2020-11-18T03:29:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/18\/prime-fintech-plans-to-list-on-egx-in-next-two-years\/\"},\"wordCount\":128,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EGX\",\"Endorse\",\"EnterpriseAM\",\"Finance\",\"IPO watch\",\"Prime Holding\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/18\/prime-fintech-plans-to-list-on-egx-in-next-two-years\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/11\/18\/prime-fintech-plans-to-list-on-egx-in-next-two-years\/\",\"name\":\"Prime Fintech plans to list on EGX in next two years - 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The company officials have (rightly, if you ask us) refused to consider a turnaround proposal,\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","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":573599,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/11\/prime-holding-launches-subsidiary-prime-fintech-reduces-stake-in-at-lease\/","url_meta":{"origin":576289,"position":2},"title":"Prime Holding launches subsidiary Prime Fintech, reduces stake in AT Lease","author":"enterpriseam admin","date":"11 August 2020","format":false,"excerpt":"Prime Holding has launched a fintech subsidiary, Prime Fintech, according to a press release (pdf). The new company comes as part of Prime\u2019s wider plan to set up non-banking financial services subsidiaries. Prime Holding will invest an initial share capital of EGP 50 mn in the new subsidiary, an amount\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":573802,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/moves-prime-fintech-board-members\/","url_meta":{"origin":576289,"position":3},"title":"Moves: Prime Fintech board members","author":"enterpriseam admin","date":"18 August 2020","format":false,"excerpt":"MOVES- Prime Fintech has a board of directors: Shireen Alkady (LinkedIn) has been tapped as executive chairman of the board of directors at Prime Fintech, while Prime Holding CEO Mohamed Maher (Linkedin) will be vice-chairman of the board, according to a statement (pdf). 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