e-Finance to list on Cairo stock exchange in Q4-2019

Egypt’s financial institutions operation company e-Finance plans to list on the Cairo stock exchange in the fourth quarter of 2019, its chief executive Ibrahim Sarhan said on Monday.

The company’s shareholders, the National Investment Bank, the National Bank of Egypt (NBE), Banque Misr, and Egyptian Banks Company (EBC) are conducting the feasibility studies ahead of starting listing plans, Sarhan said.

National Investment Bank has a 70 percent share in e-Finance, while NBE, Banque Misr, EBC each owns 10 percent.

e-Finance provides state of the art electronic payment solutions and business integration and optimisation services to the government and financial sectors in a secure environment according to the international security standards.