{"id":668684,"date":"2025-07-20T00:00:00","date_gmt":"2025-07-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/20\/egypts-ma-engine-roars-through-1h-and-its-just-getting-started\/"},"modified":"2025-07-20T00:00:00","modified_gmt":"2025-07-20T00:00:00","slug":"egypts-ma-engine-roars-through-1h-and-its-just-getting-started","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/20\/egypts-ma-engine-roars-through-1h-and-its-just-getting-started\/","title":{"rendered":"Egypt\u2019s M&A engine roars through 1H, and it\u2019s just getting started"},"content":{"rendered":"

M&A activity saw a strong start to the year<\/strong>, with industry leaders including our friends at Fawry, Hassan Allam, CIRA, and Taqa Araba driving the momentum and local corporates actively reshaping their portfolios. <\/p>\n

The first half brought major consolidation moves across fintech, ins., education, and energy<\/strong> \u2014 setting a dynamic tone for 2H. <\/p>\n

IN FINTECH-<\/p>\n

Fintech giant Fawry was easily the most acquisitive firm in 1H<\/strong>, kicking off its spree in February with the acquisition of a majority stake in local hospital and medical institutions manager Code Zone<\/a>. That was quickly followed by a 56% stake in SME-focused financial services provider Virtual CFO<\/a>, and a 51% stake in ERP software firm Dirac Systems<\/a>. The moves \u2014 worth a combined EGP 80 mn \u2014 are part of the launch of Fawry Business, a platform offering digital transformation tools for SMEs and large enterprises.<\/p>\n

Elsewhere in fintech: <\/strong>Basata upped its stake in Jordan\u2019s MadfoatCom<\/a> to 25%, part of its broader play to expand regionally and potentially raise its holding to 49%. EFG Finance exited its 51% stake in PayTabs Egypt<\/a> in March, selling it to Saudi parent PayTabs Global as part of a portfolio streamlining effort. <\/p>\n

\n

EDUCATION-<\/p>\n

CIRA Education submitted <\/strong>an MTO (pdf)<\/a><\/strong> earlier this month to up its stake in <\/strong>EGX-listed subsidiary <\/strong>Cairo for Educational Services (CAED)<\/a><\/strong>. CIRA is looking to increase its stake in CAED to up to 90% from the current 69.4%. CIRA is looking to snap an additional 20.6% of its subsidiary \u2014 represented in 2.5 mn shares \u2014 at an initial price tag of EGP 32.7 per share. CIRA plans to keep CAED listed on the exchange if the MTO goes through.<\/p>\n\n

INS.- <\/p>\n

The ins sector also saw heightened M&A interest<\/strong>, with a major bid from Morocco\u2019s Wafa Assurance<\/a> to acquire up to 100% of the Egypt Kuwait Holding subsidiary Delta Ins. The bid values the insurer at around EGP 5 bn. Wafa is looking to take Delta Ins. private, with plans to delist the company from the EGX. <\/p>\n

In June, insur-tech broker Bringy acquired healthtech startup <\/strong>HealthTag<\/a><\/strong>, which provides affordable medical access to the uninsured \u2014 a strategic move aimed at deepening Bringy\u2019s footprint across the MENA region.<\/p>\n

\n

CROSS-BORDER TRANSACTIONS-<\/p>\n

In June, Hassan Allam Utilities secured regulatory approval to acquire a 30% stake in <\/strong>Acwa Power<\/a><\/strong>Luxor<\/a><\/strong>, a local subsidiary of the Saudi renewables player. <\/p>\n

In May, Elsewedy Electric acquired a 60% stake in Dubai-based <\/strong>Thomassen Service<\/a><\/strong>, which includes Middle East and Africa operations, filters manufacturing, and an African business unit. The transaction marked Elsewedy\u2019s entry into oil and gas services as it looks to diversify its energy portfolio. <\/p>\n

\n

DIDN\u2019T MAKE IT ACROSS THE FINISH LINE-<\/p>\n

Arla foods still has Domty on its radar: <\/strong>Danish dairy giant Arla Foods delayed submitting a mandatory<\/a>tender offer (MTO)<\/a> to acquire EGX-listed Domty in April, citing its inability to complete legal, financial, and technical due diligence while Domty proceeded with a spin-off. Arla emphasized that the deal is on hold, not off the table.<\/p>\n

In March, Dice scrapped plans to acquire <\/strong>Twin Top for Real Estate Investment<\/a><\/strong>, citing pricing disagreements.<\/p>\n

\n

WHAT\u2019S NEXT?<\/p>\n

Looking ahead, consumer finance appears to be poised to take the lead in 2H <\/strong>with Al Ahly Capital<\/a> and our friends at Taqa Arabia<\/a> both hinting at transactions in the pipeline, signaling continued dealflow in sectors ripe for scale and integration. If the first six months are any indicator, 2025 could be one of the busiest M&A years in recent memory.<\/p>\n","protected":false},"excerpt":{"rendered":"

Consumer finance is poised to lead the charge in 2H<\/p>\n","protected":false},"author":1,"featured_media":668685,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7363],"tags":[402,72,519,890,7128],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-668684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-cira-education","tag-enterpriseam","tag-fawry","tag-hassan-allam-holding","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"3aaf8aab-629c-482a-8ef8-81e5aa9f1810","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2139.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s M&A engine roars through 1H, and it\u2019s just getting started","related_issue":[668664],"teaser":"Consumer finance is poised to lead the charge in 2H","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.4ce6e6a8-ec8e-418a-b5c2-ce1b1e06eef2.mp3"},"yoast_head":"\nEgypt\u2019s M&A engine roars through 1H, and it\u2019s just getting started - 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The value of the transaction was not disclosed. EME, which was founded by Nader Iskander in 2004, \u201chas three separate mobile development\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":564468,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/08\/fintech-vies-with-healthcare-as-egypts-hottest-sector\/","url_meta":{"origin":668684,"position":1},"title":"Fintech vies with healthcare as Egypt\u2019s hottest sector","author":"enterpriseam admin","date":"8 February 2021","format":false,"excerpt":"E-payments giant Fawry is looking to make up to two acquisitions this year, founder and CEO Ashraf Sabry tells Reuters in an interview picked up by the local press. The company is apparently exploring seven or eight startups offering B2C digital payments services, with a plan to acquire shares in\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-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":577693,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/fawry-is-planting-roots-in-kuwait-next-year\/","url_meta":{"origin":668684,"position":2},"title":"Fawry is planting roots in Kuwait next year","author":"enterpriseam admin","date":"1 December 2022","format":false,"excerpt":"EGX-listed e-payments giant Fawry is planning to begin operating in Kuwait in 2023, with legal procedures currently underway, Fawry\u2019s Investment, Financial Planning & Analysis, and IR Senior Manager Hassan Abdel Gelil told Enterprise. Abdel Gelil did not disclose further information about potential partners in Kuwait.This will be the second international\u2026","rel":"","context":"In "Fintech"","block_context":{"text":"Fintech","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/9.jpg?fit=%2C&ssl=1&resize=350%2C200","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":668684,"position":3},"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":557496,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/fawry-acquires-minority-stake-in-social-commerce-startup-brimore\/","url_meta":{"origin":668684,"position":4},"title":"Fawry acquires minority stake in social commerce startup Brimore","author":"enterpriseam admin","date":"21 September 2021","format":false,"excerpt":"Egyptian e-payments giant Fawry has acquired a minority stake in social commerce company Brimore for EGP 15.7 mn, Fawry said in a statement to the bourse (pdf), without disclosing what that sake represents in percentage terms. The investment was made as part of an upcoming series A funding round by\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\/2021\/9\/288.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564533,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/11\/taaleem-to-offer-49-of-its-shares-in-egx-debut\/","url_meta":{"origin":668684,"position":5},"title":"Taaleem to offer 49% of its shares in EGX debut","author":"enterpriseam admin","date":"11 February 2021","format":false,"excerpt":"Taaleem Management Services is about to break our IPO drought after it announced overnight its intention to make an initial public offering of its shares on the EGX some time in 1Q2021. How big is the transaction? Some 49% of Taaleem will be up for grabs as Sphinx Obelisk, a\u2026","rel":"","context":"In "SPEED ROUND: IPO WATCH"","block_context":{"text":"SPEED ROUND: IPO WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/439.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\/668684","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=668684"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/668684\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/668664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/668685"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=668684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=668684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=668684"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=668684"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=668684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}