Fawry completes investigation: no breach in live production environment

Sun, 26 Nov 2023 - 04:34 GMT

This investigation was launched in response to claims made earlier this month regarding a cyberattack on Fawry's systems by the notorious ransomware attacker known as LockBit

Fawry considers CBE digital banking license, seeking to expand into KSA market

Tue, 18 Jul 2023 - 01:52 GMT

Fawry already has experience with lending and other financial activities, Sabry noted, adding that the company expects to make its official decision by the end of the year

Fawry records profits of LE 242.12M during 2021

Thu, 21 Apr 2022 - 11:47 GMT

As per standalone results, the company recorded profits of LE 120.41 million, compared to LE 186.23 million during 2020.

Fawry achieves LE11B in non-cash transactions in 2021

Sun, 30 Jan 2022 - 11:50 GMT

“Accept Fawry” offers two services for non-cash transactions, the first is “FawryPOS” points of sale, and the second is electronic payment via the Internet through the Fawry electronic portal.

Fawry plans to raise LE800M, explores U.S. listing

Thu, 20 Jan 2022 - 08:42 GMT

The Company’s board of directors also approved the creation of an American Depositary Shares (“ADS”) program and is exploring a listing in the United States in connection with a potential SEC-registered secondary offering.

Egypt's Fawry pumps its 1st foreign investment into Sudanese alsoug.com

Tue, 12 Oct 2021 - 03:45 GMT

alsoug.com is the largest digital platform for classified ads and e-marketing in Sudan.

Fawry hits profits of LE 137.13M during H1 2021

Mon, 16 Aug 2021 - 01:03 GMT

As per standalone results, the company recorded profits of LE 90.52 million, compared to LE 73.21 million during the same period of 2020.

Fawry hits profits of LE 85.79M during Q1 2021

Sun, 23 May 2021 - 01:22 GMT

The company’s revenues rose to LE 348.99 million, compared to LE 257.99 million during the same period of 2020.

Fawry plans to acquire minority stakes in 2 companies in Egypt, expand into Arab countries

Mon, 08 Feb 2021 - 03:13 GMT

"We are investing in emerging companies during our work ... We are currently studying 7 or 8 digital companies that offer their services to the final beneficiaries,”

Fawry becomes 1st Egyptian unicorn with $1B market cap.

Wed, 19 Aug 2020 - 01:52 GMT

A unicorn is a term in business world to indicate a privately held startup company valued at over $1 billion.

EGX flattens out during Fawry's 1st trading session

Thu, 08 Aug 2019 - 02:00 GMT

The benchmark EGX 30 jumped 2.16 percent, or 299.87 point, to close at 14,180.44 points.

Egyptian investors allocate 80% of Fawry's IPO: EGX

Thu, 08 Aug 2019 - 12:53 GMT

Arabs and foreigners represented 19.7 percent of the IPO and 49.3 percent of the private offering.

Fawry’s IPO on EGX oversubscribed 30.3 times

Tue, 06 Aug 2019 - 10:45 GMT

Fawry expects to start trading on its shares on EGX on August 8, after receiving the approval of the stock exchange.

Egypt's Fawry IPO 15.9 times oversubscribed on stock exchange

Thu, 01 Aug 2019 - 03:58 GMT

Investment bank EFG Hermes said the share price was 6.4 Egyptian pounds ($0.3874) per share.