|22 July, 2019

EGX approves listing Fawry’s shares with $21.29mln capital

A total of 707.3 million shares will be listed

Image used for illustrative purpose only. Traders work at the Egyptian stock exchange in Cairo, May 28, 2015.

Image used for illustrative purpose only. Traders work at the Egyptian stock exchange in Cairo, May 28, 2015.

REUTERS/Mohamed Abd El Ghany

Cairo –The Egyptian Exchange's (EGX) Listing Committee approved listing shares of Fawry Banking and Payment Technology Services (Fawry) with a capital of EGP 353.65 million.

A total of 707.3 million shares will be listed at a nominal value of EGP 0.50 apiece, the Egyptian bourse said in a statement on Monday.

Fawry decided to list around 36% of the company’s shares on the EGX, Fawry’s financial manager Abdel Meguid Afifi revealed.

Moreover, the National Bank of Egypt (NBE) acquired 7% of Fawry’s shares to be listed on the Egyptian bourse, the bank’s vice chairman Yehia Aboul Fotouh told Mubasher.

Source: Mubasher

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