Fawry
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 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
As per standalone results, the company recorded profits of LE 120.41 million, compared to LE 186.23 million during 2020.
“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.
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.
alsoug.com is the largest digital platform for classified ads and e-marketing in Sudan.
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.
The company’s revenues rose to LE 348.99 million, compared to LE 257.99 million during the same period of 2020.
"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,”
A unicorn is a term in business world to indicate a privately held startup company valued at over $1 billion.
The benchmark EGX 30 jumped 2.16 percent, or 299.87 point, to close at 14,180.44 points.
Arabs and foreigners represented 19.7 percent of the IPO and 49.3 percent of the private offering.
Fawry expects to start trading on its shares on EGX on August 8, after receiving the approval of the stock exchange.
Investment bank EFG Hermes said the share price was 6.4 Egyptian pounds ($0.3874) per share.
