United Bank eyes acquiring up to 30% stake in 2 technology firms soon

El-Kady did not disclose the names of the companies, yet he revealed that one of them is a fintech firm

Staff Writer, Arab Finance

February 21, 2024

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The United Bank of Egypt is planning to acquire from 20% to 30% stake in two technology firms in the coming few months, the bank’s Chairman Ashraf El-Kady told Al Arabiya Business.

El-Kady did not disclose the names of the companies, yet he revealed that one of them is a fintech firm.

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