E-Finance Egypt Invests EGP70 mln in Smart Village Headquarters

Mr. Ibrahim Sarhan – Chairman and Managing Director of E-Finance Company revealed that the firm will build new headquarters on an area of 6000 meter in Smart Village / 6th October City.

Sarhan has quoted Amwal Al Ghad that the initial cost of the new headquarter reaches up EGP70 million approximately.

He noted that the headquarter owned by one of the governmental parties and it taken over by the state-owned company as well.

The total Capital of E-Finance reached EGP120 million when it was established and it increased by EGP180 million to accommodate expansions of government in automating financial transactions of the state, Sarhan illustrated in a previous statement to Amwal Al Ghad.

E-Finance needs further boost to its capital so as to expand abroad in exporting batteries, the other technological financial transactions, stressing that the owners will welcome any required increase in the capital.

Meanwhile, E-Finance was established in 2005 as the market leader in the field of electronic payment. Operating in Egypt, e-finance provides state of the art electronic payment and its shares own and divided by National Investment Bank 70%, National Bank of Egypt 10%, Banque Misr10% and the Egyptian Banks Company (EBC) with 10%.