Egypt’s Prime Holding to IPO fintech unit within two years – CEO

Egyptian investment bank, Prime Holding aims for an initial public offering (IPO) of its fintech unit within two years, chief executive Mohamed Maher said on Tuesday.

Maher said in a press conference in Cairo that the newly-launched unit, Prime Fintech currently has a capital worth up to 75 million Egyptian pounds ($4.8 million), and will be increased to 100 million pounds at the end of the current year.