Egyptian FinTech firm Aman Group, which is owned by Raya Holdings and the National Bank of Egypt (NBE), announced on Tuesday an expansion plan for its flagship financial services arm, targeting Saudi Arabia and Nigeria markets.
Aman for Financial Services is in talks to provide its installment services for residents in Saudi Arabia before the end of the current year, said its chief executive Hazem Moghazy at a press conference in Cairo.
“The company is also looking to build its footprint in Nigeria right after the completion of its Saudi Arabia market expansion,” Moghazy said.
Aman has witnessed a 100 percent year-on-year growth in its portfolio during the first half of 2022, Moghazy added, saying it almost reached 2 billion Egyptian pounds ($105.5 million) as of the end of June.
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