{"id":703088,"date":"2026-05-18T00:00:00","date_gmt":"2026-05-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=703088"},"modified":"2026-05-18T02:49:52","modified_gmt":"2026-05-18T02:49:52","slug":"fawry-overhauls-subsidiary-leadership-with-new-fawry-plus-fawry-msme-heads","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/fawry-overhauls-subsidiary-leadership-with-new-fawry-plus-fawry-msme-heads\/","title":{"rendered":"Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads"},"content":{"rendered":"

Fawry <\/strong>has reshuffled leadership across two key <\/strong>subsidiaries<\/strong>, naming longtime Group CFO Abdelmeguid Afifi (LinkedIn<\/a>) CEO of Fawry Plus and appointing corporate banking veteran Mohamed Hosny (LinkedIn<\/a>) CEO of Fawry MSME finance, according to separate statements (here<\/a> and here<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"

The fintech pioneer taps Group CFO Abdelmeguid Afifi to run Fawry Plus and brings in commercial banking veteran Mohamed Hosny to lead Fawry MSME<\/p>\n","protected":false},"author":1,"featured_media":703089,"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":[7231],"tags":[72,519,183,206,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-703088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-enterpriseam","tag-fawry","tag-fintech","tag-moves","tag-smes","wpautop","entry"],"acf":{"mongo_id":"4f9a6ab3-f66a-4a6c-9882-1cb7e92ea5f4","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/5\/1033.jpg","photo_position":"above","homepage_title":"","full_issue_title":"New CEOs for Fawry Plus and Fawry MSME","related_issue":[703074],"teaser":"The fintech pioneer taps Group CFO Abdelmeguid Afifi to run Fawry Plus and brings in commercial banking veteran Mohamed Hosny to lead Fawry MSME"},"yoast_head":"\nFawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads - 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\/2026\/05\/18\/fawry-overhauls-subsidiary-leadership-with-new-fawry-plus-fawry-msme-heads\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads\" \/>\n<meta property=\"og:description\" content=\"The fintech pioneer taps Group CFO Abdelmeguid Afifi to run Fawry Plus and brings in commercial banking veteran Mohamed Hosny to lead Fawry MSME\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/fawry-overhauls-subsidiary-leadership-with-new-fawry-plus-fawry-msme-heads\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-18T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-18T02:49:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1033.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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/fawry-overhauls-subsidiary-leadership-with-new-fawry-plus-fawry-msme-heads\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/fawry-overhauls-subsidiary-leadership-with-new-fawry-plus-fawry-msme-heads\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads\",\"datePublished\":\"2026-05-18T00:00:00+00:00\",\"dateModified\":\"2026-05-18T02:49:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/fawry-overhauls-subsidiary-leadership-with-new-fawry-plus-fawry-msme-heads\/\"},\"wordCount\":50,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/fawry-overhauls-subsidiary-leadership-with-new-fawry-plus-fawry-msme-heads\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2026\/5\/1033.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Fawry\",\"Fintech\",\"moves\",\"SMEs\"],\"articleSection\":[\"Moves\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/fawry-overhauls-subsidiary-leadership-with-new-fawry-plus-fawry-msme-heads\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/fawry-overhauls-subsidiary-leadership-with-new-fawry-plus-fawry-msme-heads\/\",\"name\":\"Fawry overhauls subsidiary leadership with new Fawry Plus, Fawry MSME heads - 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Bahaa previously served as Fawry\u2019s finance director after nearly two decades of experience in financial management in major corporations including Mobily, Orange Egypt, and TE Data. He succeeds AbdelMeguid Afifi\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":666063,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/28\/fawry-unit-closes-its-inaugural-egp-497-5-mn-securitized-bond-issuance\/","url_meta":{"origin":703088,"position":1},"title":"Fawry unit closes its inaugural EGP 497.5 mn securitized bond issuance","author":"enterpriseam admin","date":"28 May 2025","format":false,"excerpt":"The issuance was rated A- by MERIS and is part of a wider securitization program","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\/2025\/2\/2637.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598932,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/12\/fawry-to-allow-egyptian-retailers-to-obtain-bank-loans-through-fawry-plus\/","url_meta":{"origin":703088,"position":2},"title":"Fawry to allow Egyptian retailers to obtain bank loans through Fawry Plus","author":"enterpriseam admin","date":"12 June 2019","format":false,"excerpt":"Fawry is planning allow retailers to apply for bank loans through its Fawry Plus branches in partnership with local banks, CEO Mohamed Okasha said, according to Masrawy. The company is already involved in a \u201cmajor partnership\u201d Alexbank and Visa, and the move comes as part of its strategy to deepen\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574730,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/egypts-fawry-mulls-launching-emerging-tech-investment-arm-in-2021\/","url_meta":{"origin":703088,"position":3},"title":"Egypt\u2019s Fawry mulls launching emerging tech investment arm in 2021","author":"enterpriseam admin","date":"20 September 2020","format":false,"excerpt":"Egyptian e-payment giant Fawry is considering establishing a new company to invest in emerging technology startups and firms, CEO Ashraf Sabry told Al Mal. The company will complete feasibility studies for the venture this year, and decide on whether to launch in early 2021, Sabry added. Fawry has opted out\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623372,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/29\/mohamed-farag-appointed-as-non-executive-chairman-at-fawry-plus\/","url_meta":{"origin":703088,"position":4},"title":"Mohamed Farag appointed as non-executive chairman at Fawry Plus","author":"enterpriseam admin","date":"29 October 2018","format":false,"excerpt":"BOARD MOVES- Mohamed Farag has been named non-executive chairman at Fawry Plus. Farag, who is chief digital officer at CIB, says Fawry Plus is currently waiting on the CBE to grant it a license to carry out electronic banking services.","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":570356,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/29\/fawry-md-resigns-to-set-up-usd-25-mn-fintech-investment-fund\/","url_meta":{"origin":703088,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/703088","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=703088"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/703088\/revisions"}],"predecessor-version":[{"id":703128,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/703088\/revisions\/703128"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/703074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/703089"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=703088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=703088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=703088"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=703088"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=703088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}